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Geary Machine Shop is considering a 4-year project to improve its production efficiency. Buying a new machine press for $856,899 is estimated to result in

image text in transcribed Geary Machine Shop is considering a 4-year project to improve its production efficiency. Buying a new machine press for $856,899 is estimated to result in $240,070 in annual pretax cost savings. The press falls in the MACRS five-year class (Refer to the MACRS table on page 277 ), and it will have a salvage value at the end of the project of $94,391. The press also requires an initial investment in spare parts inventory of $41,040, along with an additional $5,806 in inventory for each succeeding year of the project. If the shop's tax rate is 0.31 and its discount rate is 0.15 , what is the total cash flow in year 4 ? (Do not round your intermediate calculations.) (Make sure you enter the number with the appropriate +/ sign)

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