Question: Maynard's Tools needs a computerized machine tool lathe which costs $ 9 1 , 3 5 2 and requires $ 7 , 0 3 7

Maynard's Tools needs a computerized machine tool lathe which costs $91,352 and requires $7,037 in maintenance expense for each year of its 5-year life. After five years, this machine will be replaced. The machine falls into the MACRS5-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 $5,120 at the end of year 5, what is the aftertax 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).
\table[[Year,MACRS Rate],[1,20.00%
 Maynard's Tools needs a computerized machine tool lathe which costs $91,352

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