A firm needs to obtain a specialized machine, which would cost $\backslash (\backslash$$ $4400\backslash )$ to buy. It would be depreciated at the rate of $\backslash (\backslash$$ $440\backslash )$ per year for both accounting and tax purposes, and it could be sold in five years for $\backslash (\backslash$$ $770\backslash ).$ The firm has the option of leasing the machine for five years. This would be an operating lease, with payments of $\backslash (\backslash$$ $880\backslash )$ per year at the beginning of each year. The company is subject to a tax rate of $\backslash (35\backslash \%\backslash )$ and its pre$-$tax borrowing cost is $\backslash (8\backslash \%\backslash ).$ What is the total discounted net after$-$tax cash flow associated with this proposed lease?

$-\backslash$$$28$

$\backslash$$$1424$

$\backslash$$$548$

$\backslash$$$1266$