A private company just acquired a new software to do in-house accounting. The company paid

A private company just acquired a new software to do in-house accounting. The company paid $13,000 for the software. Annual upgrades over next 3 years will cost company $1,500 per year. Software belongs to Class 10 of the Canadian CCA system with the CCA rate of 30%. Calculate the PW of the tax savings in year 2 due to the CCA system under annual MARR of 5% and corporate tax rate of 10.5%.