Jeff & Bezos is a fresh groceries delivery company. The company has access to

borrowing funds at a pre$-$tax rate of $6\%$ per year. Jeff & Bezos pays income taxes using

$25\%$ tax rate.

The company would like to start using high$-$speed low$-$altitude drones to deliver grocery

purchases directly to residential customers' backyards. The required fleet of drones

costs $$7,300,000.$ The fleet of drones, due to their heavy usage, would have no salvage

value in four years. If the company chooses to buy them, the drones would be losing

their economic value following the three$-$year property class under the MACRS

depreciation method.

Instead of buying the fleet of the drones, Jeff & Bezos is also contemplating leasing

them for an estimated pre$-$tax annual cost of $$2,060,000$ per year for four years from a

different company, Nets & Flicks, that currently owns the required number of the drones.

Jeff & Bezos' net advantage to leasing, a$.$k$.$a$.$ NAL, equals

$($Do not round

intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$ If

your answer is negative, don't forget to put the minus sign.$)$

NAL