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 $5.2 million and would be depreciated straight-line to zero over four years. Because of radiation contamination, it will actually be completely useless in four years. You can lease it for $1.51 million per year for four years. Lease or Buy Assume that the tax rate is 21 percent. You can borrow at 8 percent before taxes. Should you lease or buy? (5) Leasing Cash Flows What are the cash flows from the lessors viewpoint? Assume a 21 percent tax rate? (5) What would the lease payment have to be for both the lessor and the lessee to be indifferent about the lease? (5) Rework part a) assuming the scanner will be depreciated as a 3-year property under MACRS. (5)