your firm needs a computerized machine tool lathe which costs $48,000 and requires $11,800 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 12 percent. if the lathe can be sold for $4,800 at the end of year 3, what is the after-tax salvage value? (round your answer to 2 decimal places.)