Your firm needs a computerized machine tool lathe which costs $60,972 and requires $9,317 in maintenance expense for each year of its 5-year life. After five years, this machine will be replaced. The machine falls into the MACRS e 5-year class life category. Assume a tax rate of 25 percent and a discount rate of 12 percent. If the lathe can be sold for $8,945 at the end of year 5, what is the after-tax salvage value? Below are the MACRS rates for the 5-year recovery period. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ENTER YOUR ANSWER TO THE NEAREST DOLLAR (e.g. 1250). Year MACRS Rate 20.00% 1 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76%