1. Victor Co. is considering acquiring a new truck (asset). Victor can lease the truck from a truck dealer for 8 years for $29,000 per year with no additional costs. Alternatively, Victor can purchase the truck for a total of $218,000. If the truck is purchased, Victor will incur maintenance, insurance, and license expenses estimated at $1,600 per year over its eight- year useful life. At lease-end, (after 8 years) the truck is expected to have no residual value. Calculate the increase or decrease in net income for 8 years if the truck is purchased instead of leasing it from the truck dealer.