You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common

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You work for a nuclear research laboratory that is contemplatingleasing a diagnostic scanner (leasing is a very common practicewith expensive, high-tech equipment). The scanner costs $5,000,000and it would be depreciated straight-line to zero over four years.Because of radiation contamination, it actually will be completelyvalueless in four years. You can lease it for $1,470,000 per yearfor four years. The tax rate is 25 percent. You can borrow at 7percent before taxes. What is the NAL of the lease from thelessor's viewpoint? (A negative answer should be indicated by aminus sign. Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.)