VML Industries has need of specialized yarn manufacturing equipment for operations over the next 5 years. The firm could buy the machinery for $123,000 and depreciate it using a 5-years MACRS. Annual maintenance would be $7,900, and it would have a salvage value of $26,000 after 5 years. Another alternative would be to lease the same machine for $40,000 per year on an all costs inclusive lease (maintenance costs included in lease payment). There will be a total of 5 lease payments. The first lease payment is due immediately, and the remaining lease payments occur at the end of each year. There is no lease payment in the final year. There is no depreciation for the lease payment, but VML Industries can expense the lease payments on their taxes. VML Industries use a MARR of 18% and a tax rate of 29%. There is no inflation. Enter the net present cost of the alternative should be chosen. Enter your answer as positive number. (HINT: Calculate the income and cash flow statement assuming the revenue equals $0 for the alternative that VML Industries purchase equipment.) "