To finance some manufacturing tools it needs for the next 3 years, Waldrop Corporation is considering a lease 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 $6,286, the purchase price, at 6% and buy the tools, or it can make 3 equal end-of-year lease payments of $2,223 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 firms tax rate is 37%. Annual maintenance costs associated with ownership are estimated at $229, but this cost would be borne by the lessor if it leases. What is the net advantage to leasing (NAL)?