Asap pls

Cayman Productions is considering elther leasing or buying some equipment. The lessor will charge $26,900 a year for a threeyear lease. The purchase price is $72,600. The equipment has a three-year life after which time it will be worthless. The firm uses straight-line depreciation, borrows money at 8 percent, and expects sufficient losses to offset any taxes which otherwise might be owed for the next four years. What is the net advantage to leasing