Your firm needs a computerized machine tool lathe that costs $50,000 and requires $12,000 n maintenance for each year of its three year life. After three years, this machine will be replaced. The machine falls into the MACRS three-year class life category. Assume a tax rate of 35 percent and a discount rate of 12 percent. Assume this lathe can be sold for $5,000 at the end of year three, and calculate the after-tax salvage value, showing your work.