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You work for a nuclear research laboratory that is contemplating leasing a diagnostic Scanner (leasing is a common practice with expensive, high-tech equipment. The scanner

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You work for a nuclear research laboratory that is contemplating leasing a diagnostic Scanner (leasing is a common practice with expensive, high-tech equipment. The scanner costs 56.41 and would be depreciated straight-line to zero over four years. Because of radiation contamination, it will actually be completely valueless in four years. You can lease it for $1,544,867 per year for four years. Assume that the tax rate is 21%. You can borrow at 9.62% before taxes. What would be the cashflows for the lease? HINT: Determine the cashflows if you lease, and send those cash flows to the present. Remember that the cash flows are negative as the leasee is paying NOTE: Enter the number rounding to four DECIMALS. If your decimal answer is 0.034576, your answer must be 0.0346. DO NOT USE the sign

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