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 $$2,000,000$ and it would be depreciated straight$-$line to zero over $4$ years. Because of radiation contamination, it will actually be completely valueless in $4$ years. You can lease it for $$500,000$ per year for $4$ years. Assume the tax rate is $30$ percent. You can borrow at $7$ percent before taxes.

What would the lease payment have to be for both lessor and lessee to be indifferent about the lease?