Carmichael Cleaners needs a new steam finishing machine that costs 100,000. The company is evaluating whether it should lease or purchase the machine. The Equipment falls into the MACRS 3-year class, and it would be used for 3 years and then sold, because the firm plans to move to a new facility at that time. The estimated value of the equipment after 3 years is 30,000. A maintenance contract on the equipment would cost 3,000 per year, payable at the beginning of each year. Alternatively, the firm could lease the equipment for 3 years for a lease payment of 29,000 per year, payable at the beginning of each year. The lease would include maintance. The firm is in the 20% tax bracket, and it could obtain a 3- year simple interest loan, interest payable at the end of the year, to purchase the equipment at a before-tax cost of 10%. If there is a positive net advantage to leasing the firm will lease the equipment. Otherwise, it will buy it. What is the NAL? (Note: Assume MARCS rates for years 1 to 4 are .3333, .4445, .1481, and .0741