Problem $21-10$ Leasing and Salvage Value The Wildcat Company trying to decide whether to lease or buy new computer$-$ assisted drilling system for its oll exploration businessManagement has decided that it must use the system to stay competitivewill provide $$3\mathrm{.}8$ million in annual pretax cost savings. The system costs $$8\mathrm{.}8$ million and will be depreciated straight$-$line to zero over five yearsWildcat's tax rate is $23$ percent and the firm can borrow at $9$ percent $.$ Lambert's policy is to require its lessees to make payments at the start of the year Suppose it is estimated that the equipment will have an aftertax residual value of $ $860,000$ at the end of the lease $.$ What is the maximum lease payment acceptable to Wildcat $?($Do not round intermediate calculations and enter your answer in dollars $,$ not millions of dollars $,$ rounded to $2$ decimal places $,$ e$.$g$.,1,234,567\mathrm{.}89.)$ Lease payment