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 $5,300,000 and 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 $1,585,000 per year for four years. Assume that the tax rate is 24 percent. You can borrow at 8 percent before taxes. Calculate the NAL. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. NAL $ 64,983.62 Should you lease or buy? Buy Lease Witten Entertainment is considering buying a machine that costs $558,000. The machin will be depreciated over four years by the straight-line method and will be worthless a that time. The company can lease the machine with year-end payments of $153,000. The company can issue bonds at an interest rate of 6 percent. The corporate tax rate is 2: percent. What is the NAL of the lease? (A negative answer should be indicated by a minus sign Do not round intermediate calculations and round your answer to 2 decimal places e.g., 32.16.) NAL