your firm need a computerized machine tool lathe which cost $45,000 and requires $11,500 for each year of its 3 year life. after three years this machine will be replaced. The machine falls into the MACRS three-year class lige category and neither bonus depreciation nor section 179 expense and can be used. Assume a tax rate of 21% and a discount rate of 12

calculate The depreciation tax shield for this project in year three. Round your answer to two decimal places