You work for a nuclear research laboratory that is


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 $6,400,000. Because of radiation contamination, it will actually be completely valueless in four years. You can lease it for $1,945,000 per year for four years. Assume that the tax rate is 35 percent. You can borrow at 9 percent before taxes. Assume that the scanner will be depreciated as three-year property under MACRS. Calculate the NAL. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

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Financial Management: You work for a nuclear research laboratory that is
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