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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

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 $5,900,000 and would be depreciated straight-line to zero over five
years. Because of radiation contamination, it will actually be completely valueless in five
years. You can lease it for $1,450,000 per year for five years. Assume that your company
does not contemplate paying taxes for the next several years. You can borrow at 8
percent before taxes. What is the NAL of the lease? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,32.16.)
NAL
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