Geary Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $1,104,000 is estimated to result in $368,000 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 $161,000. The press also requires an initial investment in spare parts inventory of $46,000, along with an additional $6,900 in inventory for each succeeding year of the project. Required: If the shop's tax rate is 32 percent and its discount rate is 17 percent, what is the NPV for this project? (Do not round your intermediate calculations.) $-145,139.60 O $-140,940.02 $-247,187.78 $-152,396.58 O $-137,882.62