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You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner ( leasing is a common practice with expensive, high - tech

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 $6,900,000, Because of radiation contamination, it will actually be
completely valueless in four years. You can lease it for $2,030,000 per year for four
years. Assume that the tax rate is 21 percent. You can borrow at 8 percent before taxes.
Assume that the scanner will be depreciated as three-year property under the MACRS
depreciation. 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.)
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