Jocelyn Corp. is considering a project that requires an initial investment of $250,000; the project life is three years; before-tax cost savings are $140,000 per year; salvage value will be $26,000 when the fixed assets are sold in year 3; the tax rate is 27%; and the discount rate is 14%. Assume there is no change in net working capital, and assume a CCA rate of 20%. What is the present value of the CCA tax shield in year 0