You are given the following information:

TGC needs a $2-$year asset that costs $$100,$ and the company must choose between leasing and buying the asset.

TGC$\text{'}$s tax rate is $40\%.$

If the asset is purchased, the bank would lend TGC the $$100$ at a rate of $0\mathrm{.}10$ on a $2-$year, simple interest loan with a balloon principal payment.

TGC can depreciate the asset over $2$ years for tax purposes by the straight$-$line method if it is purchased.

The asset's value at the end of $2$ years will be $$0.$

Alternatively, TGC could lease the asset under a guideline lease for $2$ years for a payment of $$55$ at the end of each year.

What is the NAL?

NOTE: Enter with $2$ decimal places with no dollar sign. If answer is $$31\mathrm{.}468,$ enter $31\mathrm{.}4$