Your firm needs a computerized machine tool lathe which costs $41,000 and requires $11,000 in maintenance for each of its 3 year life.After 3 years this machine wll be replaced. The machine falls into the MACRS 3 year class life category. Assume tax rate of 39% and a discount rate of 11%

If the lathe can be sold for $41,000 at theend of year 3,what is the after tax salvage rate.

Salvage value after tax rte$_______________________________