Witten Entertainment is considering buying a machine that costs $$562,000.$ The machine

will be depreclated 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 $$175,000.$ The

company can issue bonds at an interest rate of $7$ percent. The corporate tax rate is $22$

percent.

What is the NAL of the lease? $($ A negative answer should be Indlcated by a minus sign.

Do not round Intermedlate calculations and round your answer to $2$ decimal places,

e$.$g$.,32\mathrm{.}16.)$