Keating Co. is considering disposing of equipment with a cost of $64,000 and accumulated depreciation of $44,800. Keating Co. can sell the equipment through a broker for $27,000 less 9% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $45,000. Keating will incur repair, Insurance, and property tax expenses estimated at $12,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential Income from the lease alternative is $10,116 58,430 $12,645 $5,901