Charleston Affair currently has a piece of equipment that is no longer needed. The current book value of the piece of equipment is $12,000. The company has the option to lease the equipment for the next three years for $5,500 each year or sell the equipment for $16,000. If leased, the equipment would have no residual value at the end of the lease. The company expects that maintenance and other expenses during the lease would total $2,000. If sold, Charleston Affair would pay a 5% commission. Prepare a differential analysis to determine if the company should sell (Alternative 1) or lease (Alternative 2) the equipment