does not indicate completion.

Telstar Communications is going to purchase an asset for $$640,000$ that will produce $$310,000$ 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.

Answer is complete but not entirely correct.

$\backslash$table$[[,,$Year $1,,$Year $2,,$Year $3,,$Ye$],[$Earnings before depreciation and taxes,$$,310,000,$$$,310,000,$$$,310,000$vv$,$$$,3],[$Depreciation$,,213,333$vv$,,213,333\backslash$times $,,71,112\backslash$times $,,],[$Earnings before taxes,$$,96,667,$$$,96,667,$$$,238,888,$$$,],[$Taxes$,,24,167,,24,167$ox$,,59,722\backslash$times $,,],[$Earnings after taxes,$$,72,500,$$$,72,500,$$$,179,166,$$$,2],[$Depreciation$,,213,333,,213,333\backslash$times $,,71,112\backslash$times $,,],[$Cash flow,$$,285,833,$$$,285,833,$$$,250,278,$$$,2]]$Telstar Communications is going to purchase an asset for $$640,000$ that will produce $$310,000$ 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 $1212.($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.