12.) A company is considering leasing a specialized equipment. It will save the company $3,000,000 each year before taxes. The equipment costs $7,300,000, and it would be depreciated straight-line to zero over 4 years. It will be valueless in 4 years. The firm can lease it for $2,250,000 before taxes per year for 4 years. Assume that the tax rate is 35 percent for this firm. It can borrow at 12 percent before taxes. For full credit show all calculations, and explain in words what you are doing in each step. (a)Calculate the NPV of leasing instead of buying to the company. Should the company buy or lease? (b) Recalculate the company's NPV of leasing instead of buying, if the company is required to pay a security deposit in the amount $1,000,000 at the beginning of the lease, to be received back at the very end of the lease