Food Canners, Inc. needs some new equipment costing $700,000 if purchased. The equipment has a 3-year life after which time it would be worthless. The firm uses straight-line depreciation over the life of the asset. Food Canners, Inc. borrows money at 5.0 percent. The firm does not expect to owe any taxes for the next 3 years due to net operating loss carryovers. The equipment can be leased for $246,000 a year for 3 years. What is the net advantage to leasing? (Round the ATLP and the LDTs to the riearest whole dollar.) Multiple Choice $5,723 $30,081 $28,535 $2,432