Telstar Communications is going to purchase an asset for $$380,000$ that will produce $$180,000$ 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 $12-12.($This represents four years of depreciation based on the half$-$year convention.$)$ The firm is in a $25$ percent tax bracket.

Fill in the schedule below for the next four years.

$\backslash$table$[[,$Year $1,$Year $2,$Year $3,$Year $4],[$Earnings before depreciation and taxes,,,,$],[$Depreciation$,,,,],[$Earnings before taxes,,,,$],[$Taxes$,,,,],[$Earnings after taxes,,,,$],[$Depreciation$,,,,],[$Cash flow,,,,$]]$