It costs $82,000 to purchase and install a new machine that will let the company cut costs for 8 years. The machine will be depreciated linearly to zero over 10 years, and can be sold for $12,300 after 8 years. Every year starting right now, the project requires an investment of $5,000 for net working capital. After 8 years, the stock of net working capital will be recouped. The marginal tax rate is 35% and the required return is 11%. What is the approximate after-tax salvage value of the machine in year 8? a. $10,000 b. $11,000 c. $12,000 d. $13,000 e. $14,000 f. Other, specify