carmichael cleaners needs a new steam finishing machine that costs $100,000. the company is evaluating whether it should lease or purchase the machine. the equipment falls into the macrs 3-year class, and it would be used for 4 years and then sold, because the firm plans to move to a new facility at that time. the estimated value of the equipment after 4 years is $30,000. a maintenance contract on the equipment would cost $5,000 per year, payable at the beginning of each year. alternatively, the firm could lease the equipment for 4 years for a lease payment of $29,000 per year, payable at the beginning of each year. the lease would include maintenance. the firm could obtain a 4-year simple interest loan, interest payable at the end of the year, to purchase the equipment at a before-tax cost of 10%. the firm is in the 30% tax bracket. if there is a positive net advantage to leasing the firm will lease the equipment. otherwise, it will buy it. what is the nal? (note: assume macrs rates for years 1 to 4 are 0.3333, 0.4445, 0.1481, and 0.0741.)