Question: You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner. The scanner costs $6,200,000 and it will be depreciated straight-line to

You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner. The scanner costs $6,200,000 and it will be depreciated straight-line to zero over four years. Because of radiation contamination, it will be completely valueless in 4 years. you can lease it for $1,810,000 per year for four years.

Assume your company does not anticipate paying taxes for the next several years. You can borrow at 7% before taxes. What is the NAL of the lease? Do not round intermediate calculations. Round your answer to two decimal places

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