A company needs a machine for its business. The machine costs $120,000 and has an expected life of 10 years. After the 10 years, the machine is expected to have a salvage value of $15,000. They can borrow at 8% per annum from the bank to buy this machine. Alternatively, they can also lease the machine for 10 years. The lease payment would be $18,000, payable in advance. The tax rate for the company is 45%, and the machine will be fully depreciated using a straight line method over its expected life. Which of the following values is closest to the incremental cash flow from leasing in year 5?

a. $-9,300

b. $-13,300

c. $-11,300

d. $-15,300

e. $-17,300