Assume you have the following data about a single machine manufacturing company: Initial machine cost: $6,194 Salvage value after 5 years: $1,415 MACRS depreciation is used, the machine is a 5-year property class. Income tax rate: 34% Capital gains tax: 13% Before tax cash flows: Year Before tax cash flow ($) O $6,194 1 $2,016 2 $2,016 3 $2,016 $2,016 $2,016 $2,016 $1,415 What is the second-year taxable income