Geller Machine Shop is consideing a fouryear project to improve its production eflictency. Buying a new machine press for $$390,000$ is esumated to result in $$150,000$ in annual pretax cost savings. The press falls in the MACR$5$ five$-$vear class, and $11$ will have a salvage value at the end of the project of $$66,000.$ The press aiso requires an initial investmient in spare parts inventory of $$12,000,$ along w th an additional $$1,700$ in inventory for each succeeding year of the profect The shop's tax rate is $29$ percent and the projects required return is $9$ percent Refer to Table $83.$

Calculate the NPV of this project. $($Do not round intermediate caiculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$