Oregon Forest Products will acquire new equipment that falls under the five-year MACRS category. The cost is $240,000 If the equipment is purchased, the following earnings before depreciation and taxes will be generated for the next six years. Use Table 12-12. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods Year 1 Year2 Year3 Year 4 Year 5 Year 6 Earnings before Depreciation 77,000 78,000 57,000 39,000 29,000 23,000 The firm is in a 25 percent tax bracket and has a 12 percent cost of capital a. Calculate the net present value. (A negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole dollar amount.) Answer is complete but not entirely correct Net present value $ 147,417.44