Please fill in the blank and no, the answer is not $5,825, i tried that...

Telstar Communications is going to purchase an asset for $600,000 that will produce $290,000 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 12 E. (This represents four years of depreciation based on the half-year convention.) The rm is in a 25 percent tax bracket. Fill in the schedule below for the next four years. Earnings before depreciation and taxes Depreciation Earnings before taxes Taxes Earnings after taxes $ 290,000 199,980 199,980 Year 2 $ 290 000 266,700 Depreciation 266,700 88, 860 44, 460 Cash ow $ 267,495 $ 290,000 239,715 $ 228,615 Year 4 88,860 44,460 201,140 $ 245,540 150,855 $ 184,155