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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 equipment$).$ The scanner costs $$5,900,000$ and would be depreciated straight$-$line to zero over five years. Because of radiation contamination, it will actually be completely valueless in five years. You can lease it for $$1,450,000$ per year for five years. Assume that the tax rate is $25$ percent. You can borrow at $8$ percent before taxes. What is the NAL? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[$NAL$,]]$

Should you lease or buy?

Lease

Buy