Telstar Communications is going to purchase an asset for $$720,000$ that will produce $$350,000$ 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.

Answer is complete but not entirely correct.

$\backslash$table$[[,$Year $1,$Year $2,$Year $3,$Year $4],[$Earnings before depreciation and taxes,$$,350,000,$$$,350,000,$$$,350,000,$$$,350,000],[$Depreciation$,,239\mathrm{.}976,,320,040,,106\mathrm{.}632,,53,352],[$Earnings before taxes,s$,110,024,$$$,29,960,$$$,243,368,$$$,296,648],[$Taxes$,,27\mathrm{.}508>,,7\mathrm{.}490\backslash$times $,,60,842(,,74,162],[$Earnings after taxes,$$,82\mathrm{.}518,$$$,22,470,$$$,182,526,$$$,222,486],[$Depreciation$,,239\mathrm{.}976,,320,040*,,108\mathrm{.}632(,,53,352$o$.],[$Cash flow,$$,322,494,$$$,342,510,$$$,289,158,$$$,275,838]]$ Table $12-12$ Depreciation percentages $($expressed in decimals$)$