D'Amato Corporation is considering new equipment. The equipment can be purchased from an overseas supplier for $315,000. The freight and installation costs for the equipment are $15,000. If purchased, annual repairs and maintenance are estimated to be $12,000 per year over the four-year useful life of the equipment. Alternatively, D'Amato can lease the equipment from a domestic supplier for $95,000 per year for four years, with no additional costs. Prepare a differential analysis dated December 11 to determine whether D'Amato should lease (Alternative 1) or purchase (Alternative 2) the equipment.