Premier Steel bought a new machine for $112,000 and has held it for three years. If the following depreciation rates apply, what is the book value of the machine at the end of year 3? MACRS Rates: Year 1, 33% Year 2, 45% Year 3, 15% Year 4,7% O $7,175 O $7,840 O $7,000 O $8,015