Use the information below for the next five questions: Ginger Company is negotiating a lease for five new tractor$/$trailer rigs with Beta Leasing Inc. Ginger has received its best offer from Bestbilt Trucks for a total price of $$1\mathrm{.}5$ million. The terms of the lease offered by Beta International Inc call for a payment of $$250,000$ at the beginning of each year of the $5-$year lease. As an alternative to leasing, the firm can borrow from a large insurance company and buy the trucks. The $$1\mathrm{.}5$ million would be borrowed on a simple interest term loan at a $8$ percent interest rate for $5$ years. The trucks fall into the MACRS $5-$year class and have an expected residual value of $$100,000.$ The depreciation rates are $20\mathrm{.}00\%,32\mathrm{.}00\%,19\mathrm{.}20\%,11\mathrm{.}52\%,11\mathrm{.}52\%$ and $5\mathrm{.}76\%.$ Maintenance costs would be included in the lease. If the trucks were owned, a maintenance contract would be purchased at the beginning of each year for $$10,000$ per year. Ginger plans to buy a new fleet of trucks at the end of the fifth year. Beta Leasing Inc has a $30$ percent federal$-$plus$-$state marginal tax rate, while Singer has a total tax rate of $40$ percent. What is Ginger's present value of leasing?

$-$$$587,378$

$-$$$684,373$

$$732,681$

$$587,378$

$-$$$732,681$

$$684,373$