Your firm needs a computerized machine tool lathe which costs $49,000 and requires $11,900 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. Assume a tax rate of 34 percent and a discount rate of 13 percent. Calculate the depreciation tax shield for this project in year 3 . (Round your answer to 2 decimal places.) Complete the following analysis. Do not hard code values in your calculations, and do not round intermediate calculations. Depreciation tax shield in year 3 Your firm needs a computerized machine tool lathe which costs $49,000 and requires $11,900 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. Assume a tax rate of 34 percent and a discount rate of 13 percent. Calculate the depreciation tax shield for this project in year 3 . (Round your answer to 2 decimal places.) Complete the following analysis. Do not hard code values in your calculations, and do not round intermediate calculations. Depreciation tax shield in year 3