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Dunbar Corporation can purchase an asset for $ 2 2 , 0 0 0 ; the asset will be worthless after 1 2 years. Alternatively,

Dunbar Corporation can purchase an asset for $22,000; the asset will be worthless after 12 years. Alternatively, it could lease the asset for 12 years with an annual lease payment of $2,470 paid at the end of each year. The firms cost of debt is 7%. The IRS classifies the lease as a non-tax-oriented lease. What is the net advantage to leasing? Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to the nearest cent.
The answer is not $998.32.
Please provide right answer will thumbs up. Thank you!

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