Green Valley Farms is considering either leasing or buying some new farm equipment. The lessor will charge $26,000 a year lease. The purchase price is $65.000. The equipment has a 3 year life after which time it will be worthless. Green Valley Farms uses straight-line depreciation has a 32 percent tax rate, borrows money at 9 percent, and has sufficient tax loss carryovers to offset any potential taxable income the firm might have over the next five years. What is the net advantage to leasing? Multiple Choice S_814 O $ 1,457 S-2,082 O 5644 $1,655 O