Geary Machine Shop is considering a four-year project to Improve Its production efficiency. Buylng a new machine press for $806,400 Is estimated to result in $268,800 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 $117,600. The press also requires an initial investment in spare parts inventory of $33,600, along with an additional $5,040 in inventory for each succeeding year of the project. Required : If the shop's tax rate is 34 percent and its discount rate is 12 percent, what is the NPV for this project? (Do not round your intermedlate calculations.) o $-26,411.88 o $23,915.69 O $-115,45662 $-27,732.48 O $-25.09129 References eBook & Resources Leaning Objective: 10-02 How to determine a project is ecceptable. Multiple Choice