ABC Co is considering either leasing or buying a new oven. the lease payments would be $7200 a year for 3 years, at the end of each year. the purchase price is $18900. the equipment has a 3- year life and then is expected to have a resale value of $2000. ABC Co depreciates the asset to zero using straight-line depreciation in three years, borrows money at 9.5% and has a 34% tax rate. what is the net advantage to leasing?

A. -$536

B. $ 483

C. -$ 654

D. $232

E. $700

show your excel and calculation, please!!!!!!