Should the company buy and install the machine press?

8oyertown Industrial Tool Is considering a three-year project to lmprove is production efficiency. Buying a new machine press for $578,000 Is estimated to result In $184,000 in annual cost savings. The press falls In the MACRS five year class, which has percentage rates starting with Year 1, of 20, 32, 19, 20, 11.52, and 5.76. The salvage value at the end of the $162,000 The press also requires an Initial Investment In spare parts Inventory of $19,000, along with an additional $1500 in Inventory for each succeeding year of the project The inventory will all be when the project ends 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? No: the NPV Is-$22.31109 Yes the NPV is $64, 728 79 Yes, the NPV is $51, 611 33 No; the NPV is -$57, 918 78 Yes, the NPV Is $45, 602 57