The Summit Petroleum Corporation will purchase an asset that qualifies for three$-$year MACRS depreciation. The cost is $$160,000$ and the asset will provide the following stream of earnings before depreciation and taxes for the next four years: Use Table $12-12.$

$\backslash$table$[[$Year $1,$$$70,000$

The Summit Petroleum Corporation will purchase an asset that qualifies for three$-$year MACRS depreciation. The cost is $$160,000$ and the asset will provide the following stream of earnings before depreciation and taxes for the next four years: Use Table $12-12.$

$\backslash$table$[[$Year $1,$$$70,000$