Mcpherson company must purchase a new milling machine the purchase price is 50,000 including installation. the machine has a tax life of 5 years, and it can be depreciated according to the following rates, the firm expects to operate the machine for 4 years and then to sell it for 12,500. if the marginal tax rate is 40% what will the after tax salvage value be when the machine is sold at the end of year 4