A firm is considering the purchase of a new equipment costing $8,074,880 which qualifies for a 43% CCA rate. This equipment has a 4-year life after which it can be sold for $1,335,170. The firm can lease it for $2,050,530 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 24%, and the pre-tax cost of borrowing is 10.42%. What is the absolute value of the net advantage to leasing? $464,408 $476,018 $487,628 $499,239 $510,849 A firm is considering the purchase of a new equipment costing $8,074,880 which qualifies for a 43% CCA rate. This equipment has a 4-year life after which it can be sold for $1,335,170. The firm can lease it for $2,050,530 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 24%, and the pre-tax cost of borrowing is 10.42%. What is the absolute value of the net advantage to leasing? $464,408 $476,018 $487,628 $499,239 $510,849