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Non-Tax Oriented Lease: Net Advantage to Leasing Dunbar Corporation can purchase an asset for $20,000; the asset will be worthless after 12 years. Alternatively, it

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Non-Tax Oriented Lease: Net Advantage to Leasing Dunbar Corporation can purchase an asset for $20,000; the asset will be worthless after 12 years. Alternatively, it could lease the asset for 12 years with an annual lease payment of $2,443 paid at the end of each year. The firm's cost of debt is 9%. The IRS classifies the lease as a non-tax-oriented lease. What is the net advantage to leasing? Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to the nearest cent. \$ tions Navigation Menu mine reedidack

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