Masters Machine Shop is considering a four$-$year project to improve its production efficiency. Buying a new machine press for $$777,600$ is estimated to result in $$259,200$ 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 $$113,400.$ The press also requires an initial investment in spare parts inventory of $$32,400,$ along with an additional $$4,860$ in inventory for each succeeding year of the project.

If the shop's tax rate is $23$ percent and its discount rate is $17$ percent, what is the NPV for this project?