Your firm needs a compuberized machine tool lathe which coats $$50,000$ and requires $$0\mathrm{.}000$ in maintenance for ach year of is $3.$ year life. Affer three years, this machine will be replaced. The machine falls into the MACPS $3-$year ciass life cabegory, and nether bonus depreciation nor Section $179$ expensing can be used. Assume a tax rate of $21$ percent and a discount rate of ti$2$ percent.

If the lathe can be sold for $$5,000$ at the end of year $3,$ what is the afer$-$tax salvage value? Note: Round your anwwer to $2$ decimal places.

Salvage watue afer tax