Chew Products needs to replace its equipment. It can be used for five years and will have no salvage value. The equipment costs $930,000. The firm can lease it for $245,000 a year (payable at the end of the year), or it can borrow the money to purchase the equipment at 9%. The firm's tax rate is 39%. The CCA rate is 20% (Class 8). What is the net advantage to leasing if the company will not pay taxes for the next five years? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. -$22,964 b $138,706 -$108,731 d $136,269 e -$88,132