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 $4,000,000 and it would be depreciated straight-line to zero over 4 years. Because of radiation contamination, it will actually be completely valueless in 4 years. You can lease it for $1,000,000 per year for 4 years. Assume the tax rate is 33 percent. You can borrow at 7 percent before taxes. What is the net advantage to leasing (NAL) from your company's standpoint? (Do not round your intermediate calculations.) $612,788.74 $428,365.38 $449,783.65 $ -428,365.38 $406,947.11