Creative Ads needs a piece of equipment that costs $800,000. Creative can either lease the equipment or borrow $800,000 from a local bank and buy the equipment. Assume that Creative's tax rate is 30% and that the equipment's depreciation would be $160,000 per year. If the company leased the asset on a 5-year lease, the payment would be $169,600 at the beginning of each year. If Creative borrowed and bought, the bank would charge 6% interest on the loan. In either case, the equipment is worth nothing after 5 years and will be discarded. What is the Net Advantage of Leasing? Should Creative lease or buy the equipment