Your firm is considering leasing a new computer. The lease lasts for 9 years. The lease calls for 9 payments of $1,000 per year. The computer would cost $7,650 to buy and would be straight-line depreciated to a zero salvage value over 9 years. The actual salvage value is negligible because of technological obsolescence. The firm can borrow at a rate of 8%. The corporate tax rate is 30%. What is the NPV of the lease relative to the purchase (NAL)?

Group of answer choices

$360.22

$1,039.78

$6,610.22

$339.78