A firm needs to either buy or lease $250,000 worth of equipment. The equipment has a life of 4 years after which time it will be worthless. The equipment as a CCA rate of 30% and can be leased at a cost of $68,000 per year (payments due at the beginning of each year). The corporate tax rate is 34% and the cost of debt is 10%. What I 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 $1,000.50 should be entered as 1000.50.)