Exercise 14-17 (Algorithmic) ( LO. 1,4) Prance, Inc., earned pretax book net income of $1,577,000 in 2020. Prance acquired a depreciable asset in 2020, and first-year tax depreciation exceeded book depreciation by $157,700. In 2021, Prance reports $1,103,900 of pretax book net income, and the book depreciation exceeds tax depreciation that year by $39,425. Prance reports no other temporary or permanent book-tax differences. Assume the pertinent U.S. Federal corporate income tax rate is 21% and Prance earned an after-tax rate of return on capital of 8%. Enter below the 2021 Prance's deferred tax expense and any deferred tax asset or liability. If an amount is zero, enter " 0 ". If required, round your answer to nearest whole value. c. In net present value terms, what has been the value to Prance of accelerating $39,425 of 2021 book depreclation to 2020 ? The present value foctor at 8% is 0.9259