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Oregon Forest Products will acquire new equipment that falls under the five-year MACRS category. The cost is $520,000. 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 $151,000 Year 2 215,000 Year 3 140,000 Year 4 120,000 Year 5 Year 6 90,000 46,000 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.) Net present value $ (8,392.00) b. Under the net present value method, should Oregon Forest Products purchase the equipment asset?