National Event Coordinators is contemplating the acquisition of a new tent that will be used for major outdoor events. The purchase price is $148,000. The firm uses MACRS depreciation which allows for 33.33 percent, 44.44 percent, 14.82 percent, and 7.41 percent depreciation over years 1 to 4, respectively. The tents have a 4-year life after which time they are worthless. The tent can be leased for $31,000 a year. The firm can borrow money at 9 percent and has a 34 percent tax rate. What is the net advantage to leasing?