Problem 12-7 Spreadsheet Problem: Depreciation Tax Shield (LG12-4) Your firm needs a computerized machine tool lathe which costs $40,000 and requires $11,000 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, and neither bonus depreciation nor Section 179 expensing can be used. Assume a tax rate of 21 percent and a discount rate of 13 percent. Calculate the depreciation tax shield for this project in year 3. Note: Round your answer to 2 decimal places