Your firm needs a computerized machine tool lathe which costs $43,000 and requires $11,300 in maintenance...

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Your firm needs a computerized machine tool lathe which costs $43,000 and requires $11,300 in maintenance for each year of its 3- year life. After three years, this machine will be replaced. The machine falls into the MACRS 3-year class life category, and neither bonus depreciation nor Section 179 expensing can be used. Assume a tax rate of 21 percent and a discount rate of 13 percent. If the lathe can be sold for $4,300 at the end of year 3, what is the after-tax salvage value? Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. Salvage value after tax $ 2,664.00 X Your firm needs a computerized machine tool lathe which costs $43,000 and requires $11,300 in maintenance for each year of its 3- year life. After three years, this machine will be replaced. The machine falls into the MACRS 3-year class life category, and neither bonus depreciation nor Section 179 expensing can be used. Assume a tax rate of 21 percent and a discount rate of 13 percent. If the lathe can be sold for $4,300 at the end of year 3, what is the after-tax salvage value? Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. Salvage value after tax $ 2,664.00 X