In this question, we will evaluate the lease decision for the same piece of equipment as in the previous question. Under the lease scenario, the company would not need to pay the capital cost of the equipment but would incur lease payments of $250,000 per year in each year between Year 1 and Year 5. The operating cost of the equipment remains the same at $60,000 per year, and the revenue remains the same at $350,000 per year.

If the income tax is 40% and the annual discount rate is 16%, Calculate the NPV for the lease decision.