Stanley Inc. must purchase $6000000 worth of service equipment and is weighing

Stanley Inc. must purchase $6000000 worth of service equipment and is weighing the merits of leasing the equipment or purchasing. The company has a zero tax
rate due to tax loss carry-forwards and is considering a 5-year bank loan to finance the equipment. The loan has an interest rate of 10% and would be
amotized over 5 years with 5 end-of-year payments. Stanley can also lease the equipment for 5 end-of-year payments of $1790000 each. The entire principal is
paid at the end of five years.

A) What is the NPV of the purchase alternative?

B) What is the NPV of the leasing alternative?