Geary Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $825,600 is estimated to result in $275,200 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 $120.400. The press also requires an initial investment in spare parts inventory of $34,400, along with an additional $5,160 in inventory for each succeeding year of the project. Required: W the shop's tax rate is 30 percent and its discount rate is 16 percent, what is the NPV for this project? (Do not round your intermediate calculations.) O $-86,985.01 O $-83,945.68 O $-165,719.13 $-91.334.26 $-82,635.76