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Problem 12-23 (Algo) MACRS depreciation and cash flow [LO12-2] Telstar Communications is going to purchase an asset for $660,000 that will produce $320,000 per year for the next four years in earnings before depreciation and taxes. The asset will be depreciated using the three-year MACRS depreciation schedule in Table 1212. (This represents four years of depreciation based on the half-year convention.) The firm is in a 25 percent tax bracket. Fill in the schedule below for the next four years