Purple Haze Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $517,741 is estimated to result in some amount of annual pretax cost savings. The press will have an aftertax salvage value at the end of the project of $86,828. The OCFs of the project during the 4 years are $176,754, $199,578, $171,337 and $163,992, respectively. The press also requires an initial investment in spare parts inventory of $28,208, along with an additional $3,223 in inventory for each succeeding year of the project. The shop's discount rate is 8 percent. What is the NPV for this project?

(Round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.)