I need the solution or computation Boyertown Industrial Tools is considering a three$-$year project to improve its production efficiency. Buying a new machine press for $$611,000$ is estimated to result in

$$193,000$ in annual pretax cost savings. The press falls in the MACRS five$-$year class, and it will have a salvage value at the end of the project of $$162,000.$ The press also

requires an initial investment in spare parts inventory of $$19,000,$ along with an additional $$2,000$ in inventory for each succeeding year of the project. If the tax rate is $35$

percent and the discount rate is $12$ percent, should the company buy and install the machine press? Why or why not?

Table $9\mathrm{.}7$ Modified ACRS depreciation allowances

Yes; the NPV is $$51,613$

Yes; the NPV is $$45,607$

No; the NPV is $-$$$22,311$

No; the NPV is $-$$$52,918$

No; the NPV is $-$$$74,945$