19. A firm is considering the purchase of a new equipment costing $7,185,805 which qualifies for a 38% CCA rate. This equipment has a 4-year life after which it can be sold for $1,154,820. The firm can lease it for $1,780,280 per year for its useful life. Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 29%, and the pre-tax cost of borrowing is 9.22%. What is the absolute value of the net advantage to leasing?