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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-tech equipment). The

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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-tech equipment). The scanner costs $6.9 million and it qualifies for a 30% CCA rate. Because of radiation contamination, it is valueless in four years. You can lease it for $1.905 million per year for four years. Assume that the assets pool remains open and payments are made at the end of the year. Assume the tax rate is 37%. You can borrow at 8% pre-tax. What would the lease payment have to be for both lessor and lessee to be indifferent to the lease? (Enter the answer in dollars and not in millions of dollars. Do not round intermediate calculations. Round the final answer to nearest dollar amount. Omit $ sign in your response.) Before tax lease payment

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