St. Martin's Hospital needs a $2 million CT scanner. If purchased (with debt-financing), the CT scanner will be depreciated on a straight-line basis over five years, after which it will be worthless. If leased, the annual lease payments will be $500,000 per year for five years. St. Martin's borrowing cost is 8%, and its tax rate is 21%. The net Free Cash Flows from the Buy decision are:

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