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 $$7\mathrm{.}2$ million, and it

qualifies for a $30\%$ CCA rate. Because of radiation pollution, it is valueless in $4$ years. You can lease it for $$2$ million per year for $4$ years. Assume that the asset pool remains open and payments are made at the

beginning of the year. Your company's marginal tax rate is $38\%,$ and you can borrow at $8\%$ pre$-$tax. Calculate the NAL from the lessee's point of view. $($If your answer is $$1,234,567\mathrm{.}89,$ then enter $1234567\mathrm{.}89.$ Do not

round intermediate calculations. Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$

Numeric Response