A current asset(defender) is being evaluated for potential replacement. It was purchased four years ago at a cost of $62,000. It has been depreciated as a MACRS(GDS) five-yearproperty-class asset. The corresponding depreciation ratesare: 20%,32%, 19.2%,11.52 11.52% and5.76%. The present MV of the defender is $10,000. Its remaining useful life is estimated to be fouryears, but it will require additional repair work now(a one-time $4,200 expense) to provide continuing service equivalent to the challenger. The current effective income tax rate is 39%, and the after-tax MARR=12% per year. Based on an outsiderviewpoint, what is theafter-tax initial investment in the defender if it is kept(not replacednow)?

The totalafter-tax investment in the defender is $ (Round to the nearestdollar.)