A firm is considering the purchase of a new equipment costing $5,052,025 which qualifies for a 26% CCA rate. This equipment has a 4-year life after which it can be sold for $721,980.The firm can lease it for $1,131,680 per year for its useful life.Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 41%, and the pre-tax cost of borrowing is 6.34%.What is the absolute value of the net advantage to leasing?

$105,867

$108,513

$111,160

$113,807

$116,453