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Your firm needs a computerized machine tool lathe which costs $ 6 0 , 0 0 0 and requires $ 1 3 , 0 0

Your firm needs a computerized machine tool lathe which costs $60,000 and requires $13,000 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, 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.
Calculate the depreciation tax shield for this project in year 3.(Round your answer to 2 decimal places.)
Please answer ASAP!! Will give five star rating once completed on time and correctly
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