A firm in the transportation industry is evaluating the merits of leasing versus purchasing a truck with a 4-year life that costs 40,000 and falls into the MACRS 3-year class. If the firm borrows and buys the truck, the loan rate would be 10%, and the loan would be amortized over the truck's 4-year life. The loan payments would be made at the end of each year. The truck will be used for 4 years, at the end of which time it will be sold at an estimated residual value of 10,000. If the firm buys the truck, it would purchase a maintenance contract that costs 1,000 per year, payable at the end of each year. The lease terms, which include maintenance, call for a 10,000 lease (rental) payment (4 payments total) at the beginning of each year. Firm's tax rate is 40%. What is the net advantage to leasing? (Note: Assume MACRS rates for Years 1 to 4 are 0.33, 0.45, 0.15, and 0.07).