what is the annual operating cash flow from leasing? a) 738,458.00 b) 853,500.00 c) 638,458.00 d) 809,015.00 e)840,381.00

You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $3,000,000 and it would be depreciated straight-line to zero over 4 years. Because of radiation contamination, it will actually be completely valueless in 4 years. You can lease it for $900,000 per year for 4 years. Assume the tax rate is 31 percent. You can borrow at 7 percent before taxes