Your firm needs a computerized machine tool lathe which costs $41,000 and requires $11,100 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 tac rate of 21 percent and a discount rate of 11 percent.

If the lathe can be sold for $4,100 at the end of year 3 what is the after tax salvage value?