2 decimal places

Your firm needs a computerized machine tool lathe which costs $42,000 and requires $11,200 in maintenance for each year of its 3 . year life. After three years, this machine will be replaced. The machine falls into the MACRS 3 -year class life category. Assume a tax rate of 39 percent and a discount rate of 12 percent. If the lathe can be sold for $4,200 at the end of year 3 , what is the after tax salvage value? (Round your answer to 2 decimal places.) MACRS Depreciation