Jacob's Industrial Supply is trying to decide whether to lease or buy some new equipment costing $60,000. The equipment will be worthless after its 3-year life. The pre-tax cost of borrowed funds is 9 percent, the tax rate is 35 percent, and the equipment belongs in a 30 percent CCA class. The equipment can be leased for $22,000 a year. What is the net advantage to leasing? 1) $2,340 2) $4,807 3) $6,083 O4) $14,611 5) $21,670