During 2018, Gorilla Corporation, a calendar year C corporation, has net short-term capital gains of $15,000, net long-term capital losses of $105,000, and taxable income from other sources of $460,000. Prior years' transactions included the following.

2014 net short-term capital gains	$40,000
2015 net long-term capital gains	18,000
2016 net short-term capital gains	25,000
2017 net long-term capital gains	20,000

e. Assume that Gorilla Corporation's capital loss carryforward 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.