Check my work 1 0.5 points 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 $5,000,000 and would be depreciated straight-line to zero over four years. Because of radiation contamination, it will actually be completely valueless in four years. You can lease it for $1,450,000 per year for four years. Assume the tax rate is 21 percent Suppose the entire $5,000,000 purchase price of the scanner is borrowed. The rate on the loan is 7 percent and the loan will be repaid in equal installments Calculate the amount of the annual loan repayment. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Book Print Payment References Complete the schedules given below and calculate the NAL. (A negative answer should be indicated by a minus sign. Leave no cells blank - be certain to enter "o" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Year Beginning Balance Total Payment Interest Payment Principal Payment Ending Balance 1 2 3 4 Year Aftertax Loan Payment OCF Total Cash Flow Ferences 1 2 = 3 4 NAL Check my work 1 0.5 points 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 $5,000,000 and would be depreciated straight-line to zero over four years. Because of radiation contamination, it will actually be completely valueless in four years. You can lease it for $1,450,000 per year for four years. Assume the tax rate is 21 percent Suppose the entire $5,000,000 purchase price of the scanner is borrowed. The rate on the loan is 7 percent and the loan will be repaid in equal installments Calculate the amount of the annual loan repayment. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Book Print Payment References Complete the schedules given below and calculate the NAL. (A negative answer should be indicated by a minus sign. Leave no cells blank - be certain to enter "o" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Year Beginning Balance Total Payment Interest Payment Principal Payment Ending Balance 1 2 3 4 Year Aftertax Loan Payment OCF Total Cash Flow Ferences 1 2 = 3 4 NAL