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Check my work Telstar Communications is going to purchase an asset for $400,000 that will...

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Check my work Telstar Communications is going to purchase an asset for $400,000 that will produce $190,000 per year for the next four years in earnings before depreciation and taxes. The asset will be depreciated using the three-year MACRS depreciation schedule in Table 12 12. (This represents four years of depreciation based on the half-year convention.) The firm is in a 25 percent tax bracket Fill in the schedule below for the next four years. Year 1 Year 2 Year 3 Year 4 $ 0 $ 0 $ 0 $ 0 Earnings before depreciation and taxes Depreciation Earnings before taxes Taxes Earnings after taxes Depreciation Cash flow $ 0$ 0 $ 0 $ 0 $ 0 $ 0 5 0 $

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