15 DataPoint Engineering is considering the purchase of a new piece of equipment for $420,000. It has an eight-year midpoint of its asset depreciation range (ADR). t will require an additional initial investment of $240,000 in nondepreciable working capital. Eighty thousand dolars of this investment will be recovered after the sxth year and will provide additional cash flow for that year. Income before deprecation and taxes for the next six are shown in the following table. Use Table 12-11, Table 12- 12. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. Year Amount 1 S239,000 98.000 3 166,000 51,000 113.000 6 103,000 The tax rate is 40 percent. The cost of capital must be computed based on the following Cost flertax) Weights Debl Preterred stock Common equity (relained earnings) 11.20% 13.50 18.00 35% 60 a. Determine the annual depreciation schedule. (Do not round intermediate calculations. Round your depreciation base and annual depreclation answers to the nearest whole dollar. Round your percentage depreclation answers to 3 decimal places.) Annual Year Base 420,000 420,000 420,000 420,000 420,000 420,000 20.000 $ 32.00 19.200 11.520 84,000 134.400 90,640 48,384 48,384 24,192 420,000 5.760