Jambo & Sons, Ltd. purchases equipment to be used in business operations for $23,000. The equipment has a CCA rate of 20%. They intend to sell the equipment in year 10 for a salvage value of $5,000. At the time of sale, they still anticipate having other assets in the class. Tax rate is 34%. The company uses a 9% rate of return. Determine the present value of the incremental tax shields generated.