DogChew Products needs to replace its rawhide tanning and molding equipment. It can be used for five years and will have no salvage value. The equipment costs $930,000. The firm can lease it for $245,000 a year, or it can borrow the money to purchase the equipment at 9%. The firm's tax rate is 39%. The CCA rate is 20% (Class 8). Using straight-line depreciation to a salvage value of zero, what is the net advantage to leasing? 1) -$79,102 2) -$53,266 3) $136,269 4) $138,706 5) $152,062