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Your firm needs a computerized machine tool lathe which costs $58,000 and requires $12.800 in maintenance for each year of its 3 year life. After

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Your firm needs a computerized machine tool lathe which costs $58,000 and requires $12.800 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 13 percent. If the lathe can be sold for $5,800 at the end of year 3. what is the after-tax salvage value? (Round your answer to 2 decimal places.) $ Salvage value after tax 3,655.00 12 of 13 o E Search lip

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