You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $6.3 million and it qualifies for a 45% CCA rate. Because of radiation contamination, it is valueless in four years. You can lease it for $1.875 million per year for four years. Assume that the assets pool remains open, and payments are made at the end of the year. Assume the tax rate is 37%. You can borrow at 8% pre-tax. Calculate NAL. (Enter the answer in dollars and not in millions of dollars. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit "$" sign in your response.) NAL Should you lease or buy? O Buy O Lease

You work for a nuclear research laboratory that is contemplating leasing a dlagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $6.3 million and it qualifies for a 45% CCA rate. Because of radiation contamination, it is valueless in four years, You can lease it for $1.875 million per year for four years. Assume that the assets pool remains open, and payments are made at the end of the year. Assume the tax rate is 37%. You can borrow at 8% pre-tax. Calculate NAL. (Enter the answer in dollors ond not in millions of dollors. Do not round intermediate colculations. Round the final answer to 2 decimal places. Omit " $ " sign in your response.) NAL $ Should you lease or buy? Buy Lease