Assume an company is evaluating purchasing 3 new Hammer forge machines. Old Machine Description: Hammer forge Forging 4 Department: Qty Purchase Price (each): Accumulated Depreciation (each): Salvage Value (each) Life (Yrs.): $60,000 $40,000 $10,000 10 Description Baileigh MH-37HD Power Hammer Salvage Value Machine Life Asset $ $68,000 $10,000 10 years 1500 Machine installation cost Yearly Insurance cost Machine purchase taxes Yearly Machine software update Machine fixture $1,000 $4,000 $1,000 $1,000 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)