Fran$$s Business has two options:

$($A$)$ lease a $$60,000$ machine over a five$-$year period with an annual lease payment of $$14,000$;

$($B$)$ borrow $$60,000$ amount from the bank over the five$-$year period to buy the asset. The bank would charge a $8\%$ interest.

Other financial assumptions are:

$($a$)$ the company$$s income tax rate is $30\%$;

$($b$)$ the capital cost allowance for the equipment is an even $$12,000$ per year;

$($c$)$ the equipment has no residual value;

What is the $5$ year NPV of all after$-$tax lease payments, using a discount rate of $15\%($a negative number$)?$