The Thompson$-$Grammatikos Company $($TGC$)$ needs a $2-$year asset that costs $$100,$ and the company must choose between leasing and buying the asset. TGC$$s tax rate is $40\%.$ If the asset is purchased, the bank would lend TGC the $$100$ at a rate of $10\%.$ Assume that TGC could depreciate the asset over $2$ years for tax purposes by the straight$-$line method if it is purchased that the asset$$s value at the end of $2$ years will be $$0.$ Alternatively, TGC could lease the asset for $2$ years for a payment of $$55$ at the end of each year.

Compute the incremental after$-$tax cash flows from leasing the asset instead of buying.

Which alternative is better?