Oregon Forest Products will acquire new equipment that falls under the five$-$year MACRS category. The cost is $$420,000.$ If the equipment is purchased, the following earnings before depreciation and taxes will be generated for the next six years. Use Table $12-12.$

Earnings before Depreciation

Year $1$ $ $135,000$

Year $2182,000$

Year $3125,000$

Year $468,000$

Year $569,000$

Year $639,000$

The firm is in a $25$ percent tax bracket and has a $12$ percent cost of capital.

a$.$ Calculate the net present value.