Universal Electronics is considering the purchase of manufocturing equipment with a 10 -year midpoint in is asset depreciation range (ADR). Carefully refer to Table 1211 to determine in whot depreciotion cotegory the asset falis. (Hint it is not 10 years.) The asset will cost $120.000, and it will produce esmings before depreclation and taxes of $37.000 per year for three years, and then $19.000 a year for seven more yeors. The firm hos a tox rate of 25 percent. Assume the cost of copital is 12 percent in doing your analysis, if you have years in which there is no depreciation, merely enter a zero for depreciation. Use Tibile 12-12. Use Aseetidi. B for an approximate answer but caiculate your final answer using the formula ond financial colculator methods . Colculate the net present volue (Do not round intermediate colculations and round your final answer to 2 decimal places.) b. Bosed on the fiet present valut should univeted Electronics purchase the anted? Class Table 12-12 Depreclation percentages (expressed In decimals) PV=FV[(1+i)n1] Appendix B (concluded) Present value of $1