Universal Electronics is considering the purchase of manufacturing equipment with a 10 year midpoint in its asset depreciation range (ADR). Carefully refer to determine in what depreciation category the asset falls. (Hint it is not 10 years). The asset will cost $275,000, and it will produce earnings before depreciation and the taxes of $90,000 per yearner three years, and then $44,000 a year for seven more years. The has a tax rate of 25 percent. Assume the cost of capital is 13 percent. In doing your analysis, If you have years in which there are no depreciation, merely enter a 0 for depreciation.