XYZ Corporation is trying to decide whether to lease or buy a new computer- assisted drilling system for its oil exploration business. Management has decided that it must use the system to stay competitive; it will provide $520,000 in annual pretax cost savings. The system costs $6,500,000 and qualifies for a 30 percent CCA rate. The equipment will have a $580,000 salvage value in 6 years. XYZ Corporation's tax rate is 32 percent, and the firm can borrow at 12 percent. X-cell Inc. has offered to lease the drilling equipment to XYZ Corporation for payments of $1,180,000 per year. X-cell Inc.'s policy is to require its lessees to make payments at the start of the year. Note: Please round your answers to two decimal places. al What i NAL = $ the net advantage to leasing Corporation? b) What is the maximum lease payment that would be acceptable to the companv? Maximum lease payment = $ c) Many lessors require a security deposit, in the form of a cash payment or other pledged collateral. Suppose X-cell Inc. requires XYZ Corporation to pay a $170,000 security deposit at the inception of the lease. If the lease payment is still $1,180,000, is it advantageous to YZ Cornoration to lease the equipment now? Is it advantageous? (select one) d) Suppose it is estimated that the equipment will have no salvage value at the end of the lease and no initial security deposit. What is the maximum lease payment acceptable to XYZ Corporation now? Maximum lease payment