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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 $7 million and it qualifies for a 30% CCA rate. Because of radiation contamination, it is valueless in 4 years. You can lease it for $1,910,000 per year for 4 years. Assume that the assets pool remains open and payments are made at the beginning of the year. Assume a 36% tax bracket. You can borrow at 8% pre-tax. Calculate the NAL from the lessee's point of view. (If your answer is $1,234,567.89, then enter 1234567.89. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit \$ sign in your response.) Numeric Response
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