During 2019, 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:

2015 net short-term capital gains $40,000

2016 net long-term capital gains 18,000

2017 net short-term capital gains 25,000

2018 net long-term capital gains 20,000

Assume that Gorilla Corporations capital loss carry foward in part (c) is $27,000 and that Gorilla will be able to use $11,000 of the carryover to offset capital gains in 2020 and the remaining $16,000 to offset capital gains in 2021.

Assume a discount rate of 5%. The present value factors at 5% are as follows: 1.000 for 2016-2019; 0.9524 for 2020 and 0.9070 for 2021. Gorilla Corporation's marginal income tax rate is 34% for all tax years prior to 2018.

1. In present value terms, what is the determine tax savings of the $105,000 long-term capital loss recognized in 2019?