Massey Machine Shop is considering a four$-$year project to improve its production efficiency. Buying a new machine press for $$730,000$ is estimated to result in $$270,000$ 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 $70,000.$ The press also requires an initial investment in spare parts inventory of $$20,000,$ along with an additional $$3,500$ in inventory for each succeeding year of the project. If the shop$$s tax rate is $35$ percent and its discount rate is $8$ percent, should Massey buy and install the machine press?