| cost $47,000 requires $11,700 in maintenance for each year of its 3-year life. The machine falls into the MACRS 3-year class life category. tax rate of 34 percent discount rate of 11 percent. |
| If the lathe can be sold for $4,700 at the end of year 3, what is the after-tax salvage value Rounded 2 decimals? Can someone please show me how to do this problem? Step by step. Thanks |