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Mr. Alcide DeGagn of Delta Partners is considering the acquisition of an asset with a purchase price of $10,000. The asset is eligible for 20 percent CCA rate on the declining balance. The tax rate is 40 percent. The asset's economic life is estimated to be 4 years, with no residual value expected at the end of that period. A leasing company has offered Alcide a 4-year lease contract requiring equal (level) annual year-end lease payments of $3,000 for 4 years. In evaluating this offer against the borrow-to-purchase alternative, the following cashflows must be recognized