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A high precision programmable router for shaping furniture components is purchased by Henredon for $140000. It is expected to last 12 years and have a

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A high precision programmable router for shaping furniture components is purchased by Henredon for $140000. It is expected to last 12 years and have a salvage value of $4500. It is considered a MACRS 7 year property. It will produce $44000 in net revenue each year during its life. Corporate income taxes are 0.33 and the after-tax MARR is 0.10. What is the Taxable Income for year 1

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