9. Chapman Machine Shop is consider Man Machine Shop is considering a 4-year project to improve its on efficiency. Buying a new machine press for $576,000 is estimated to n$ 192,000 in annual pretax cost savings. The press falls in the MACRS -year class, and it will have a salvage value at the end of the project of 204,000. The press also requires an initial investment in spare parts inventory or $24,000, along with an additional $3,600 in inventory for each succeeding year of the project. The inventory will return to its original level when the project ends. The shop's tax rate is 35 percent and its discount rate is 11 percent. Should the firm buy and install the machine press? Why or why not? MACRS Table - 5 years Year MACRS Percentage MACRS 20.00% 32.00 19.20 11.52 11.52 5.76 ou A. no; The net present value is - $7,489. B. no; The net present value is -$667. C. yes; The net present value is $211. D. yes; The net present value is $4,319. E. yes; The net present value is $8,364