Geary Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $1,123,200 is estimated to result in $374,400 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 $163,800. The press also requires an initial investment in spare parts inventory of $46,800, along with an additional $7,020 in inventory for each succeeding year of the project. Required : If the shop's tax rate is 33 percent and its discount rate is 17 percent, what is the NPV for this project? (Do not round your intermediate calculations.)

A. $-151,190.17

B. $-146,917.55

C. $-255,174.74

D. $-158,749.68

E. $-143,630.66

Property Class Year Three-Year 33.33% 44.45 14.81 7.41 Seven-Year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 Five-Year 2 3 4 5 6 7 20.00% 32.00 19.20 11.52 11.52 5.76