Your firm needs a computerized machine tool lathe which costs $50,000 and requires $12,000 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 Assume a tax rate of 35 percent and a discount rate of 12 percent. If the lathe can be sold for $5,000 at the end of years 3. What is the after-tax salvage value?(Round your answer to 2 decimal places.)