$2\mathrm{.}5$

points

You work for a nuclear research laborsiory thet is contempleting leasing a diagnostlc scanner $($leasing is a common practice with expensive, high$-$tech equipmenty The scanner costs $$5,500,000$ and would be depreclated straight$-$line to rero over Ave years. Because of rediation contamination, il will acturlly be completely valueless in fie years. You can lesse it for $$1,320,000$ per year for flve years. Assume a $21$ percent tar bracket. You can borrow at $7$ percent before taxes. What is the NAL of the lerse from the lessor's viewpoint? $($A negative answer should be indicsted by a minus sign. Do not round intermediete calculatlons and round your answer to $2$ decimal pleces, eg$.32\mathrm{.}15.)$

Nal.