Assume an company is evaluating purchasing 3 new Hammer forge machines. Old Machine Description: Hammer forge Department: Forging Qty 4 Purchase Price (each): $60,000 Accumulated Depreciation (each): $40,000 Salvage Value (each) $10,000 Life (Yrs.): 10 Description Asset $ Baileigh MH-37HD Power Hammer $68,000 Salvage Value $5,000 Machine Life 10 years Machine installation cost $3,000 Yearly Insurance cost $1,000 Machine purchase taxes $4,000 Yearly Machine software update $1,000 Machine fixture $1,000 Tax rate: 30% What is the total depreciation tax shield during the overlap period between the old machine depreciation and new machine depreciation if the new machine is purchased? (For example, if there is a 5 year overlap and the annual tax shield during each year of the overlap is 1,000, then you would answer 5,000 (5* 1,000) total depreciation tax shield during the overlap period)