You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a common practice with expensive, high-tech equipment). The scanner costs $6,300,000, and it would be depreciated straight-line to zero over three years. Because of radiation contamination, it will actually be completely valueless in three years. You can lease it for $2,259,000 per year for three years. Assume that the tax rate is 35 percent. You can borrow at 12 percent before taxes. |
Calculate the NAL. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
NAL | $ |
Should you lease or buy? |
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