Your firm needs a computerized machine tool lathe which costs $47,000 and requires $11,700 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 11 percent. If the lathe can be sold for $4,700 at the end of year 3, what is the after-tax salvage value? (Round your answer to 2 decimal places.) Salvage value after tax MACRS Depreciation Year 1 2 3 4 S 6 7 8 9 10 11 12 13 14 15 16 12 18 19 20 21 22 23 24 25 26 27 28 29 30 IRUN 3 33 33% 44 45 1481 7:41 000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 000 000 0.00 000 0.00 0.00 000 0.00 000 0.00 0.00 000 000 ODO 000 000 Normal Recovery Period 5 7 10 20.00% 14 29% 10.00% 3200 24 49 1800 19.20 1749 1440 1152 12.49 1152 1152 893 922 5.76 8.92 737 000 893 655 000 4 46 655 0.00 0.00 656 000 000 6.55 000 0.00 3.28 0.00 000 0.00 000 0.00 000 0.00 0.00 0.00 0.00 0.00 0.00 000 000 0.00 000 0.00 0.00 0.00 0.00 0.00 000 000 0.00 000 000 0.00 0.00 000 000 000 0.00 0.00 000 0.00 0.00 000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 000 0.00 0.00 000 000 0.00 0.00 000 000 0.00 000 0.00 000 0.00 0.00 0.00 000 000 0.00 000 0.00 0.00 0.00 000 0.00 0.00 000 000 000 0.00 000 000 000 000 0.00 0.00 0.00 000 000 0.00 0.00 15 500% 9.50 8 55 770 693 6.23 590 590 591 590 591 590 591 590 591 2.95 000 0.00 0.00 0 00 000 000 0.00 000 000 0.00 0.00 0.00 000 0.00 000 000 0.00 0.00 0.00 0.00 000 0.00 0.00 0.00 0.00 20 3.750% 7.219 6677 6:177 5713 5.285 4888 4522 4 462 4461 4462 4461 4462 4461 4462 4461 4462 4461 4462 4461 2.231 0.00 000 000 000 000 0.00 0.00 000 000 0.00 000 000 000 0.00 000 0.00 000 000 000 000 Real Estate Residential Nonresidential 27.5 31.5 39 3.485% 30429 2.461 3636 3.175 2564 3636 3 175 2564 3.636 3.175 2564 3.636 3.175 2564 3636 175 2564 3.636 3:175 2564 3636 3.175 2564 3636 3.174 2564 3637 3.175 2564 3636 3.174 2564 3.637 3 175 2564 3.636 3.174 2564 3637 31175 2564 3.636 3.174 2564 3637 3175 2564 3636 3.174 2564 3.637 3 175 2.564 3636 3 174 2.554 3.175 2564 3636 3.174 2564 3637 3.175 2564 3636 3174 2.564 3637 3. 175 2564 3.174 2.564 3637 3.175 2564 3636 3.174 2.564 1970 3.175 2.564 000 3.174 2564 0.00 3.175 2554 000 3.174 2.564 000 1720 2.566 000 0.00 2564 0.00 0.00 2554 0.00 2568 0.00 0.00 2.564 000 0.00 2560 0.00 0.00 21964 000 0.00 2564 0.00 0.00 0.101 000 0.00 3.637 1366 32 33 34 35 000 29 39 41 0 000