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The Button Co. is considering the purchase of a new machine for $30,000 that has a life of 5 years and would be depreciated on

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The Button Co. is considering the purchase of a new machine for $30,000 that has a life of 5 years and would be depreciated on straightline basis to a zero salvage value over its life. The machine is expected to save the firm $12,500 per year in operating costs. Alternatively, the firm can lease the machine for $7,300 annually for 5 years, with the first payment due at the end of the first year. The firm's tax rate is 21 percent and its cost of debt is 10 percent. What is the net advantage of leasing (NAL) for the Lessee? (Please, do not round intermediate calculations. Round the final answer only to 2 decimal places as shown in the instructions. Do not use the dollar symbol ($) in your final answer. Provide your final answer rounded to 2 decimal places as follows: XXX.XX)

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