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 $7 million and it qualifies for a 30% CCA rate. Because of radiation contamination, it is valueless in 4 years. You can lease it for $1,910,000 per year for 4 years. Assume that the assets pool remains open and payments are made at the beginning of the year. Assume a 38% tax bracket. You can borrow at 8% pre-tax. Calculate the NAL from the lessee's point of view.