Question: I do not have the pvifa function 3 You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a

I do not have the pvifa function

3 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 $7,800,000, Because of radiation contamination, it will actually be completely valueless in four years. You can lease it for $2,295,000 per year for four years. Assume that the tax rate is 35 percent. You can borrow at 8 percent before taxes. Assume that the scanner will be depreciated as three-year property under the MACRS depreciation. nts 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.) Answer is complete but not entirely correct. NA 125,901.03

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