Telstar Communications is going to purchase an asset for $440,000 that will produce $210,000 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. Table 12-12 Depreciation percentages (expressed in decimals) \begin{tabular}{|c|c|c|c|c|c|c|} \hline \begin{tabular}{c} Depreciation \\ Year \end{tabular} & \begin{tabular}{c} 3-Year \\ MACRS \end{tabular} & \begin{tabular}{c} 5-Year \\ MACRS \end{tabular} & \begin{tabular}{c} 7-Year \\ MACRS \end{tabular} & \begin{tabular}{c} 10-Year \\ MACRS \end{tabular} & \begin{tabular}{c} 15-Year \\ MACRS \end{tabular} & \begin{tabular}{c} 20-Year \\ MACRS \end{tabular} \\ \hline 1 & 0.333 & 0.200 & 0.143 & 0.100 & 0.050 & 0.038 \\ \hline 2 & 0.445 & 0.320 & 0.245 & 0.180 & 0.095 & 0.072 \\ \hline 3 & 0.148 & 0.192 & 0.175 & 0.144 & 0.086 & 0.067 \\ \hline 4 & 0.074 & 0.115 & 0.125 & 0.115 & 0.077 & 0.062 \\ \hline 5 & & 0.115 & 0.089 & 0.092 & 0.069 & 0.057 \\ \hline 6 & & 0.058 & 0.089 & 0.074 & 0.062 & 0.053 \\ \hline 7 & & & 0.089 & 0.066 & 0.059 & 0.045 \\ \hline 8 & & & 0.045 & 0.066 & 0.059 & 0.045 \\ \hline 9 & & & & 0.065 & 0.059 & 0.045 \\ \hline 10 & & & & 0.065 & 0.059 & 0.045 \\ \hline 11 & & & & 0.033 & 0.059 & 0.045 \\ \hline 12 & & & & & 0.059 & 0.045 \\ \hline 13 & & & & & 0.059 & 0.045 \\ \hline 14 & & & & & 0.059 & 0.045 \\ \hline 15 & & & & & 0.059 & 0.045 \\ \hline 16 & & & & & 0.030 & 0.045 \\ \hline 17 & & & & & & 0.045 \\ \hline 18 & & & & & & 0.045 \\ \hline 19 & & & & & & 0.045 \\ \hline 20 & & & & & & 0.045 \\ \hline 21 & & & & & & 0.017 \\ \hline & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 \\ \hline \end{tabular}