Question 7 (8 points) Henredon purchased a high precision programmable router for shaping furniture components for $100000. It is expected to last 12 years and have a salvage value of $22000. It is considered a MACRS 7 year property. It will produce $34000 in net revenue each year during its life. Corporate income taxes are 0.27 and the after-tax MARR is 0.02. How much in taxes will they have to pay in year 3 on the income from this machine? Your