Telstar Communications is going to purchase an asset for exist360,000 that will produce exist170,000 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 35 percent tax bracket. Fill in the schedule below for the next four years (years 1 - 4). |Year 1 Year 2 Year 3 Year 4 Earnings before depreciation Depreciation Earnings before taxes Taxes Earnings after taxes Depreciation Cash flow