A firm is going to acquire a new machine that costs $340,000.The firm's corporate borrowing rate is 9.6%. The machine can be leased for $62,000 at the end of each year for its 8-year life. If the firm leases, it gets no salvage value. If it owns, the expected salvage value is $60,000. Maintenance costs will be the same whether the firm leases or buys. The firm would use straight-line depreciation to a net book value of $60,000, its tax rate is 34%, and the cost of capital for the machine is 15%. The net advantage to leasing (NAL) is

a.-$20,387.24

b.-$13,938.27

c.-$6,891.56

d.-$3,297.74

e.-$1,631.73

f.-$983.22

g.$983.22

h.$1,631.73

i.$3,297.74

j.$6,891.56

k.$13,938.27

l.$16,316.37

m.$19,614.11

n.$312,049.40

o.none of the above