Samooloo corp. is launching a new product which cost $90,000 and produces before tax operating cash flows (excluding CCA tax shield) of $26,000 per year for five years. The project requires a net working capital of $4000 today and it will be recovered at the end of the fifth year. The CCA rate is 18% (declinig balance method) and The half year rule applies. The discount rate is 10% the tax rate is 35% and the expected salvage value is zero. What is the present value of the CCA tax shield over the project life