Your frm needs a computerized machine tool lathe which costs $$50,000$ and requires $$12,000$ in maintinance for each year of is $3.$ year life. After three years, this machine will be replaced. The machine falls into the MACRS $3$ year class ife cabegory, and nether bonus deprecimion nor Section $779$ expensing can be used. Assume a tax rate of $21$ percemt and a discount rate of $12$ pencent.

If the lathe can be sold for $$5,000$ at the end of year $3,$ what is the after$-$tax salvage value?

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