Elon Inc. is a solar battery manufacturer. It would like to lease a specialized equipment to make the production of its batteries more efficient. The equipment costs $4,700,000. If purchased, it will be fully depreciated according to the straight-line depreciation method over three years. Because the equipment would be used so much, it will be valueless in three years. Another option that Elon Inc. has is to lease the equipment for $1,750,000 per year for three years from another company that owns it. Elon Inc. is in the 23 percent income tax bracket. It can borrow at 8 percent pre-tax rate. Calculate Elon Inc.'s net advantage to leasing, i.e., NAL. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. If your answer is negative, don't forget to put the minus sign.) NAL Should Elon Inc. lease or buy the equipment? O Buy O Lease