32 Paxton sheet metal works inc is about to acquire a new stamping press that costs 400000. it is considering purchasing the asset with money it can borrow at 10% repayable in annual, year end installments over six years. it has also been offered an opportunity to lease the machine for repayments of 865000 per year, payable at year end, also over six years. the machine is depreciable for tax purposes over six years according to the following schedule.

Year	Percentage of Original Cost
1	20.0%
2	32.0%
3	19.2%
4	11.5%
5	11.5%
6	5.8%

the lease contains a purchase option at its end at fair market value, which is estimated to be 100000. it also stipulates that Paxton will be responsible for paying for maintenance, taxes and insurance. Paxton's marginal tax rate is 30%. conduct a lease buy analysis to determine which option is preferable from a purely financial point of view