19-1: Stanley Inc. must purchase $5,000,000 worth of service equipment and is weighing the merits of leasing the equipment or purchasing. The company has a zero tax rate due to tax loss carry-forwards, and is considering a 5-year, bank loan to finance the equipment.The loan has an interest rate of 9% and would be amortized over 5 years, with 5 end-of-year payments.Stanley can also lease the equipment for 5 end-of-year payments of $1,200,000 each.How much larger or smaller is the bank loan payment than the lease payment?Note: Subtract the loan payment from the lease payment.