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Problem 12-8 After-Tax Cash Flow from Sale of Assets (LG12-4) Your firm needs a computerized machine tool lathe which costs $49,000 and requires $11,900 in

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Problem 12-8 After-Tax Cash Flow from Sale of Assets (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 tate of 21 percent and a discount rate of 13 percent. If the lathe can be sold for $4,900 at the end of year 3 , what is the aftertax salvage value? Note: Round your answer to 2 decimol ploces

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