Current Attempt in Progress

A firm needs to obtain a specialized machine, which would cost $$6400$ to buy. It would be depreciated at the rate of $$640$ per year for both accounting and tax purposes, and it could be sold in five years for $$1120.$ The firm has the option of leasing the machine for five years. This would be an operating lease, with payments of $$1280$ per year at the beginning of each year. The company is subject to a tax rate of $35\%$ and its pre$-$tax borrowing cost is $8\%.$ What is the total discounted net after$-$tax cash flow associated with this proposed lease?

$-$$$41$

$$2071$

$$798$

$$1841$