Suppose a firm is considering purchasing equipment for $200,000 that would last for five years and have zero market value. Alternatively, the same equipment could be leased for $52,000 at the beginning of each of those five years. The effective income tax rate for the firm is 55% and straight-line depreciation is used. The net before-tax cash benefits from the equipment are $56,000 at the end of each year for five years. If the after-tax MARR for the firm is 10%, use the PW method to show whether the firm should buy, lease, or maintain the status quo.