5. A firm is considering whether to lease or buy a machine that costs $1,100,000. The machine would be kept for three years. The is 12% and its tax rate is 40%. cost of debt If the machine is owned then the company would have to pay $80,000 per year in maintenance costs (payable at the end of th year). the lessor. If the machine is leased then the maintenance will be taken care of If leased, the lease payments would be $370,000 at time zero and the end of each of the next three years. a). Assuming straight-line to a salvage value of $510,000 three years from now. what is the present value cost of owning? 10 points What is the present value cost of leasing? 8 points b) What is the net advantage to leasing if any? 2 points c)