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Telstar Communications is going to purchase an asset for $400,000 that will produce $190,000 per year for the next four years in earnings before depreciation

Telstar Communications is going to purchase an asset for $400,000 that will produce $190,000 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 1212. (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. Please help, thank you

Year 1 Year 2 Year 3 Year 4
Earnings before depreciation and taxes $190,000 $190,000 $190,000 $190,000
Depreciation 133,200 178,000 59,200 29,600
Earnings before taxes $56,800 $12,000 $130,800 $160,400
Taxes
Earnings after taxes $56,800 $12,000 $130,800 $160,400
Depreciation
Cash flow $56,800 $12,000 $130,800 $160,400

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