A company is considering leasing a new equipment. The lease lasts for 5 years. The lease calls for 5 payments of $58,000 per year with the first payment occurring immediately. The equipment would cost $250,000 to buy and would be straight-line depreciated to a zero salvage value over 5 years. The actual salvage value is negligible because of technological obsolescence. The firm can borrow at a rate of 6%. The corporate tax rate is 21 percent. What is the after-tax cash flow from leasing relative to the after-tax cash flow from purchasing in year 0?

-$2,645.01

-$2,820.71

-$2,996.41

-$3,172.11

-$3,347.81