please answer all three questions look at the three images not the text

Problem $21-1$ Lease or Buy Problem $21-1$ Lease or Buy

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 $$4,700,000$ and would be depreciated straight$-$line to zero over three

years. Because of radiation contamination, it will actually be completely valueless in

three years. You can lease it for $$1,750,000$ per year for three years. Assume that the tax

rate is $23$ 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$.,$

$32\mathrm{.}16.)$

NAL

Should you lease or buy?

Lease

Buy Problem $21-6$ MACRS Depreciation and Leasing

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 $$7,200,000,$ Because of radiation contamination, it will actually be

completely valueless in four years. You can lease it for $$2,115,000$ per year for four years.

Assume that the tax rate is $24$ percent. You can borrow at $8$ percent before taxes.

Assume that the scanner will be depreciated as three$-$year property under the MACRS

depreciation. 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$.,32\mathrm{.}16.)$

NAL

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 $$4,700,000$ and would be depreciated straight$-$line to zero over three

years. Because of radiation contamination, it will actually be completely valueless in

three years. You can lease it for $$1,750,000$ per year for three years. Assume that the tax

rate is $23$ 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$.,$

$32\mathrm{.}16.)$

NAL

Should you lease or buy?

Lease

BuyProblem $21-6$ MACRS Depreciation and Leasing

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 $$7,200,000,$ Because of radiation contamination, it will actually be

completely valueless in four years. You can lease it for $$2,115,000$ per year for four years.

Assume that the tax rate is $24$ percent. You can borrow at $8$ percent before taxes.

Assume that the scanner will be depreciated as three$-$year property under the MACRS

depreciation. 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$.,32\mathrm{.}16.)$

NALProblem $21-4$ Taxes and Leasing Cash Flows

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 $$4,600,000$ and would be depreciated straight$-$line to zero over three

years. Because of radiation contamination, it will actually be completely valueless in

three years. You can lease it for $$1,700,000$ per year for three years. Assume that your

company does not contemplate paying taxes for the next several years. You can borrow

at $7$ percent before taxes. What is the NAL of the lease? $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.

NAL

$$,109,093\mathrm{.}20$