Hancock Construction needs a piece of equipment that can be leased or purchased. The firm conducts a purchase$-$versus$-$leasing analysis and determines that the PV cost of owning is $-$$$27,200$ and the PV cost of leasing is $-$$$24,800.$ What is the net advantage to leasing $($NAL$)?$ Round your answer to the nearest dollar. Input the minus sign if the cost of leasing the machinery is more than the cost of owning it$.$ $

Should the firm purchase the equipment or lease it$?$

The cost of leasing is $-$ Selectthe cost of owning, so the firm