Problem 12-7 Depreciation Tax Shield (LG12-4) Your firm needs a computerized machine tool tathe which costs $48.000 and requires $11.800 in maintenance for each year of its 3. year life. After three years, this machine will be replaced. The machine falls into the MACRS 3-year class life category. Assume a tax rate of 35 percent and a discount rate of 12 percent. Calculate the depreciation tax shield for this project in year 3. (Round your answer to 2 decimal places.)