Problem 12-30 (Static) Capital budgeting with cost of capital computation [LO12-5] DataPoint Engineering is considering the purchase of a new piece of equipment for $240,000. It has an eight-year midpoint of its asset depreciation range (ADR) It will require an additional initial investment of $140,000 in nondepreciable working capital. $35,000 of this investment will be recovered after the sixth year and will provide additional cash flow for that year. Income before depreciation and taxes for the next six years are shown in the following table. Use Table 12-11. Table 12-12. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. The tax rate is 25 percent. The cost of captal must be computed based on the following a. Determine the annual depreclation schedule. Note: Do not round intermediote calculations. Round your depreciotion bose and annual depreciation answers to the nearest whole dollor. Round vour bercentace depreciation onswers to 3 decimal oloces