Universal Electronics is considering the purchase of manutacturing equipnent with a 10 -year midpoint in its asset depreciation range (ADR), Carefuly refer to Toble.12-11 to determine in what depreciation category the asset falls. (Hint it is not 10 years.) The asset will cost $130,000, and it will produce earnings before depreciation and taxes of $38,000 per year for three years, ard then $22,000 a year for seven more years. The firm 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 is no depreciaton, merely enter a zero for depreciation. Use Table 12-12. Use Appendix B for an approvimate answer but calculate your final answer using the formula and financial calculator mothods. a. Calculate the net present value. (Do not round intermediate calculations and round your answer to 2 decimal places.) b. Based on the net present value. should Universal Electronics purchase the asset