32. Hopewell Health System want either to borrow money to purchase a hospital or to enter into a lease agreement with the city of Hopewell. The purchase price of the hospital is $55 million. Assuming 100% financing, the interest rate is 8% of the loan, with an after-tax cost of debt of 5%. The 8% interest rate on the loan is also the implied borrowing rate for the lease. The length both loan and of the lease is 5 years. The before-tax lease payments are expected to be $15 million per year. The tax rate is 40% for Hopewell Health System. Should Hopewell lease or borrow the money to purchase the hospital?