Bill Sharpe, owner of Sharper Knives Inc., is closing his business at the end of the current fiscal year. His sole asset, the knife-sharpening machine, is four years old. The undepreciated capital cost of the machine is $72,000. The machine is in class 8 with a 20% depreciation rate. Bill has agreed to sell the machine at the end of the year for $76,143. What is the present value of tax shields associated with the sale of the machine? The tax rate is 35% and Bills cost of capital is 9%. Responses $2,000 -$1,000 $0 $1,000