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 $6,100,000 and it would be depreciated straight-line to zero over five years. Because of radiation contamination, it actually will be completely valueless in five years. You can lease it for $1,430,000 per year for five 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?