Starset Machine Shop is considering a $4-$year project to improve its production

efficiency. Buying a new machine press for $$440,000$ is estimated to result in $$178,000$

in annual pretax cost savings. The press qualifies for $100$ percent bonus depreciation,

and it will have a salvage value at the end of the project of $$72,000.$ The press also

requires an initial investment in spare parts inventory of $$31,000,$ along with an

additional $$3,650$ in inventory for each succeeding year of the project. The shop's tax

rate is $21$ percent and its discount rate is $12$ percent.

Calculate the NPV of this project. $($Do not round intermediate calculations and round

your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$