Carnival company is considering leasing new equipment. The lease lasts 8 years. The lease calls for 8 payments of $9,000 per year with the first payment occurring immediately. The equipment cost $60,000 to buy and would be straight-line depreciated to a zero salvage value over 8 years. The actual salvage value is negotiable because of technological obsolescence.the firm can borrow at a rate of 6%. The corporate tax rate is 25%. What is the NPV of the lease relative to the purchase?