Stanley Inc. must purchase $$6,000,000$ worth of service equipment and is weighing the merits of leasing the equipment or purchasing. The company has a zero tax rate due to tax loss carry$-$forwards, and is considering a $5-$year, bank loan to finance the equipment. The loan has an interest rate of $9\mathrm{.}5\%$ and would be amortized over $5$ years, with $5$ end$-$of$-$year payments. Stanley can also lease the equipment for $5$ end$-$of$-$year payments of $$1,790,000$ each. How much larger or smaller is the bank loan payment than the lease payment? Note: Subtract the loan payment from the lease payment.

a$.$

$$207,215$

b$.$

$$227,382$

c$.$

$$247,445$

d$.$

$$228,455$

e$.$

$$217,576$