To finance some manufacturing tools it needs for the next 3 years, Waldrop Corporation is considering a leasing arrangement. The tools will be obsolete and worthless after 3 years. The firm will depreciate the cost of the tools on a straight-line basis over their 3-year life. It can borrow R4, 800,000, the purchase price, at 10% and buy the tools, or it can make 3 equal end-of-year lease payments of R2, 100,000 each and lease them. The loan obtained from the bank is a 3-year simple interest loan, with interest paid at the end of the year. The firm's tax rate is 40%. Annual maintenance costs associated with ownership are estimated at R240, 000, but this cost would be borne by the lessor if it leases. What is the net advantage to leasing (NAL), in thousands? R