A lease has a term of 4 years and has annual payments of $3,400. The leased asset would cost $11,300 to buy and would be depreciated straight-line to a zero salvage value over 4 years. The actual salvage value is of the asset is negligible. The lessee can borrow at a rate of 6%. What is the NPV of the lease relative to the purchase if the lessee's tax rate is 21%

A. $197

B. -$194

C. -$1,699

D. -$399

E. $23,107