16. SafeToday Inc also just purchased an hydraulic press for $11,956. It cost $1,236 to install the press. They expect that the electrical cost next year will be $709. The press is being depreciated straight-line over 6 years to a final book value of $1,036. Their tax rate is 32%. They expect to sell the press for $1,398 five years from today. What is the book value of the asset after 3 years of depreciation? Enter a value with at least 4 digits of precision.