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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 $5,500,000, and it would be depreciated straight-line to zero over four years. Because of radiation contamination, it actually will be completely valueless in four 25 percent. You can borrow at 7 percent before taxes What is the NAL of the lease? (Do not round intermediate calculations and round your years. You can lease it for $1,610,000 per year for four years. Assume that the tax rate is answer to 2 decimal places, e.g., 32.16.) NAL Should you lease or buy? Lease Buy

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