Assume that Gorilla Corporation's capital loss carryforward in part (c) is $27,000 and that Gorilla will be able to use $11,000 of the carryover to offset capital gains in 2019 and the remaining $16,000 to offset capital gains in 2020.

Assume the following:

• A discount rate of 5%.
• Present value factors - 1.000 for 2015-2018; 0.9524 for 2019 and 0.9070 for 2020.
• Gorilla Corporation's marginal income tax rate is 34% for all tax years prior to 2018.
• Round your computations to the nearest dollar.

In present value terms, determine the tax savings of the $105,000 long-term capital loss recognized in 2018.