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

An asset has 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, with the lease payments due at the beginning of each year. The lessee's marginal tax rate is 35% and borrowing cost is 10%. What is the NPV of this lease agreement to the lessor if it has the same marginal tax rate of 35%.

A)$33,839 B)-$49,548 C)-$43,613 D)-$33,839 E)$52,652

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