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You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner ( leasing is a very common practice with expensive, high -

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 $4,600,000 and it would be depreclated straight-line to zero over four
years. Because of radiation contamination, it actually will be completely valueless in four
years. You can lease it for $1,320,000 per year for four years. The tax rate is 21 percent.
You can borrow at 6 percent before taxes. What is the NAL of the lease from the lessor's
viewpoint? (A negative answer should be Indicated by a minus sign. Do not round
Intermedlate calculatlons and round your answer to 2 decimal places, e.g.,32.16.)
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