A firm is considering the purchase of a new equipment costing $4,874,210 which qualifies for a 25% CCA rate. This equipment has a 4-year life after which it can be sold for $685,910. The firm can lease it for $1,077,630 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 42%, and the pre-tax cost of borrowing is 6.10%. What is the absolute value of the net advantage to leasing? $71,870 $73,666 $75,463 $77,260 $79,057 A firm is considering the purchase of a new equipment costing $4,874,210 which qualifies for a 25% CCA rate. This equipment has a 4-year life after which it can be sold for $685,910. The firm can lease it for $1,077,630 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 42%, and the pre-tax cost of borrowing is 6.10%. What is the absolute value of the net advantage to leasing? $71,870 $73,666 $75,463 $77,260 $79,057