What would the net present value be calculated on a question such as this:

The Summit Petroleum Corporation will purchase an asset that qualifies for three-year MACRS depreciation. The cost is $450,000 and the asset will provide the following stream of earnings before depreciation and taxes for the next four years: UseTable 12-12.

Year 1$200,000Year 2263,000Year 390,000Year 480,000

The firm is in a 30 percent tax bracket and has a cost of capital of 12 percent