Problem 12-7 Depreciation Tax Shield (LG12-4) Your firm needs a computerized machine tool lathe which costs $47,000 and

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Problem 12-7 Depreciation Tax Shield (LG12-4) Your firm needs a
computerized machine tool lathe which costs $47,000 and requires
$11,700 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 11 percent. Calculate the
depreciation tax shield for this project in year 3. (Round your
answer to 2 decimal places.)