Travel World is considering either leasing or buying some equipment. The lessor will charge $23,900 a year for a three-year lease. The purchase price is $69,600. The equipment has a three-year life after which time it will be worthless. The firm uses straight-line depreciation, borrows money at 8.25 percent, and expects sufficient losses to offset any taxes which otherwise might be owed for the next four years. What is the net advantage to leasing? A) $8,344 B) $8,276 C) -$8,299 D) $8,284 E) $8,858