Problem 12-7 Spreadsheet Problem: Depreciation Tax Shield (LG12-4) Your firm needs a computerized machine tool lathe which costs $49,000 and requires $11,900 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