Your firm needs a machine which costs $120,000, and requires $27,000 in maintenance for each year of its 3 year life. After 3 years, this machine will be replaced. The machine falls into the MACRS 3-year class life category. Assume a tax rate of 21% and a discount rate of 16%. If this machine can be sold for $12.000 at the end of year 3 , what is the after tax salvage value? Multiple Choice $3,108.00 $7,025 $9,480.00 $11,347.32