A firm needs to either buy or lease $$200,000$ worth of equipment. The equipment has a life of $5$ years after which time it will be worthless. The equipment as a CCA rate of $30\%$ and can be leased at a cost of $$30,000$ per year $($payments due at the beginning of each year$).$ The corporate tax rate is $38\%$ and the cost of debt is $10\%.$ What is the present value of the lease payments tax shield? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit any commas and the $ sign in your response. For example, an answer of $$1,000\mathrm{.}50$ should be entered as $1000\mathrm{.}50.)$

Numeric Response