Question: Maynard's Tools needs a computerized machine tool lathe which costs $93,650 and requires $11,152 in maintenance expense for each year of its 5-year life. After

Maynard's Tools needs a computerized machine tool lathe which costs $93,650 and requires $11,152 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 5-year class life category. Assume a tax rate of 21 percent and a discount rate of 12 percent. If the lathe can be sold for $6,709 at the end of year 5, what is the after-tax salvage value

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