Sina, the owner of Stationary Ltd., has come to you, her financial analyst, for your recommendation. The company needs a new printing machine. The machine can be purchased today for $1,400,000. If purchased, the company would incur annual maintenance and insurance costs of $35,000, paid at the end of the year. The machine would qualify for the 30% CCA rate. If purchased, the company can borrow funds from the bank at an interest rate of 7%. The machine has a useful life of eight years, with a salvage value of $175,000 at the end of that time. Alternatively, the machine can be leased for eight years. The lease requires annual payments of $230,000, made at the beginning of each year. The lessor will pay for any maintenance and insurance. The companys income tax rate is 23%. What is the net value to leasing (NVL) for this new machine? a) $25,387 b) $76,606 c) $86,122 d) $93,984