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e. 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

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e. 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 2021 and the remaining $16,000 to offset capital gains in 2022. Determine the tax savings of the $105,000 long-term capital loss recognized in 2020 Assume a discount rate of 5%. The present value factors at 5% are as follows: 1.000 for 2017-2020; 0.9524 for 2021 and 0.9070 for 2022. Gorilla Corporation's marginal income tax rate is 34% for all tax years prior to 2019. Round your computations to the nearest dollar. In present value terms, the tax savings of the $105,000 long-term capital loss recognized in 2020 is s 27,218 X

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