DRTF Inc. will acquire a building at a cost of $ 400,000 in addition to paying capitalizable costs of $ 50,000. The building is the only one in its category and is tax depreciable on the declining balance at 4%. The building's anticipated resale value in 10 years is $ 850,000. The LEED-compliant building is eligible for a grant of $ 125,000. You are informed that the tax rate is 20%, the risk-free rate is 4%, creditors require a premium of 5% and shareholders require a premium of 10% on the resale value. Using the marginal analysis, determine the net benefit (in present value) of the subsidy.