Problem $21-3$ Finding the Break$-$Even Payment

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 $$6,000,000$ and would be depreciated straight$-$line to zero over six years. Because of radiation contamination, it will actually be completely valueless in six years. Assume that the tax rate is $21$ percent. You can borrow at $6$ percent before taxes. What would the lease payment have to be for both the lessor and the lessee to be indifferent about the lease? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Break$-$even lease payment