Bruce Corporation is considering leasing a new equipment. The lease lasts for 5 years. The lease calls for 5 payments of $41,600 per year with the first payment occurring immediately. The equipment would cost $180,000 to buy and would be straight-line depreciated to a zero salvage value over 5 years. The actual salvage value is negligible because of technological obsolescence. The firm can borrow at a rate of 5%. The corporate tax rate is 25%. What is the NPV of the lease relative to the purchase?

		$6,343.28
		-$5,472.54
		-$6,727.33
		$8,140.92
		-$4,058.32