Marshall-Miller & Company is considering the purchase of a new machine for $40,000, installed. The machine has a tax life of 5 years. Under the new tax law, the machine is eligible for 100% bonus depreciation, so it will be fully depreciated at t = 0. The firm expects to operate the machine for 4 years and then to sell it for $22,300. If the marginal tax rate is 25%, what will the after-tax salvage value be when the machine is sold at the end of Year 4?