The Shell Corporation has a 34% tax rate and owns a piece of petroleum-drilling equipment that costs $101,600 and will be depreciated at a CCA rate of 30%. Shell will lease the equipment to others and each year receive $41,400 in rent. At the end of five years, the firm will sell the equipment for $25,400. All values are presented in today's dollars.

Calculate the overall present worth of these cash flows with tax effects if market interest rate is 10% and annual inflation rate is 2%.