Geary Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $921,600 is estimated to result in $307,200 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 $134,400. The press also requires an initial investment in spare parts inventory of $38,400, along with an additional $5,760 in inventory for each succeeding year of the project. Required : If the shop's tax rate is 30 percent and its discount rate is 19 percent, what is the NPV for this project? (Do not round your intermediate calculations.)

Options:

$-150,091.59

$-146,382.67

$-229,447.61

$-157,596.17

$-142,587.01