Treadmill Trucking Company is negotiating a lease for five new tractor/trailer rigs with Leasing International. Treadmill has received its best offer from Betterbilt Trucks for a total price of $1 million. The terms of the lease offered by International Leasing call for a payment of $205,000 at the beginning of each year of the 5-year lease. As an alternative to leasing, the firm can borrow from a large insurance company and buy the trucks. The $1 million would be borrowed on an amortized term loan at a 10 percent interest rate for 5 years. The trucks fall into the MACRS 5-year class and have an expected residual value of $100,000. Maintenance costs would be included in the lease. If the trucks are owned, a maintenance contract would be purchased at the beginning of each year for $10,000 per year. Treadmill plans to buy a new fleet of trucks at the end of the fifth year. Leasing International has a 40 percent federal-plus-state marginal tax rate, while Treadmill Trucking has a total tax rate of 20 percent. Should the firm purchase or lease. Determine the PV for both. Find the NAL