Problem 12-28 MACRS depreciation and net present value [LO12-4] Oregon Forest Products will acquire new equipment that falls under the five-year MACRS category. The cost is $320,000. 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 ARpendix B for an aboroximate answer but calculate your final answer using the formula and financial calculator methods. The firm is in a 40 percent tax bracket and has a 8 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 2 decimal places.)