Your frm needs a computerized machine tool lathe which costs $$53,000$ and requires $$12\mathrm{.}300$ in maintenance for each year of its $3$ year ife. After three years, this machine wil be replaced. The machine falls into the MACBS $3-$year class ife category, and neither bowis depreciation noe Section $179$ expensing can be used. Assume a tax rate of $21$ percemt and a discount rate of $12$ percent.

If the lathe can be sold for $$5\mathrm{.}300$ at the end of year $3,$ what is the after$-$tax salvage value?

Note: Round your answer to $2$ decimal places.