Geary Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $537,600 is estimated to result in $179,200 in annual pretax cost savings. The press falls in the MACRS five-year class (MACRS Table), and it will have a salvage value at the end of the project of $78,400. The press also requires an initial investment in spare parts inventory of $22,400, along with an additional $3,360 in inventory for each succeeding year of the project. Required: If the shop's tax rate is 35 percent and its discount rate is 12 percent, what is the NPV for this project? (Do not round your intermediate calculations.) o $49.49901 o $-17,834.88 $-78,954.30 ?$20,473.96 $-18,524.06