Stanley Steamers needs a new steam finishing machine that costs $1,000,000. The company is evaluating whether it should lease or purchase the machine. The equipment falls into the Modified Accelerated Cost Recovery System (MACRS) three-year class, and it would be used for three years and then sold, because the firm plans to move to a new facility at that time. The estimated value of the equipment after three years is $300,000. A maintenance contract on the equipment would cost $30,000 per year, payable at the beginning of each year. Alternatively, the firm could lease the equipment for three years for a lease payment of $290,000 per year, payable at the beginning of each year. The lease would include maintenance. The firm is in the 40% tax bracket, and it could obtain a three-year simple interest loan, interest payable at the end of the year, to purchase the equipment at a before-tax cost of 12%. If there is a positive Net Advantage to Leasing (NAL), the firm will lease the equipment. Otherwise, it will buy it. What is the NAL? (Note: Assume MACRS rates for Years 1 to 4 are 0.33, 0.45, 0.15, and 0.07.)