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A current asset​ (defender) is being evaluated for potential replacement. It was purchased four years ago...

A current asset​ (defender) is being evaluated for potential replacement. It was purchased four years ago at a cost of ​$61,000. It has been depreciated as a MACRS​ (GDS) five-year​ property-class asset. The corresponding depreciation rates​ are: 20%,​ 32%, 19.2%,​ 11.52%, 11.52% and​ 5.76%. The present MV of the defender is ​$15,000. Its remaining useful life is estimated to be four​ years, but it will require additional repair work now​ (a one-time ​$3,800 ​expense) to provide continuing service equivalent to the challenger. The current effective income tax rate is 39​%, and the​ after-tax MARR equals=18​% per year. Based on an outsider​ viewpoint, what is the​ after-tax initial investment in the defender if it is kept​ (not replaced​ now)?

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