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 $6,300,000, and it 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 $1,875,000 per year for four years. Assume that the tax rate is 35 percent. You can borrow at 8 percent before taxes.

Calculate the NAL. (Do not round intermediate calculations andround your finalanswer to 2 decimal places. (e.g., 32.16))

$ NAL

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 $6,300,000, and it 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 $1,875,000 per year for four years.

Assume a 35 percent tax bracket. You can borrow at 8 percent before taxes.What is the NAL of the lease from the lessor's viewpoint? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations andround your finalanswer to 2 decimal places. (e.g., 32.16))

NAL

$