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Witten Entertainment is considering buying a machine that costs $558,000. The machine will be depreciated over four years by the straight-line method and will be

Witten Entertainment is considering buying a machine that costs $558,000. The machine will be depreciated over four years by the straight-line method and will be worthless at that time. The company can lease the machine with year-end payments of $153,000. The company can issue bonds at an interest rate of 6 percent. The corporate tax rate is 23 percent.

What is the NAL of the lease? Include how to find PVAF rounded to three significant figures.

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