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An asset has an installed cost of $250,000, a life of 5 years, a CCA rate of 30%, and a salvage value of $5,000. This

An asset has an installed cost of $250,000, a life of 5 years, a CCA rate of 30%, and a salvage value of $5,000. This asset can be leased for 5 years at a rate of $50,000 per year, payable at the beginning of each year. The lessee's marginal tax rate is 35% and borrowing cost is 10%. What is the net advantage to leasing for the lessee? Round your answer to the nearest dollar.

-$43,613

$33,839

$37,488

$49,548

$52,652

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