Tanaka Machine Shop is considering a $4-$year project to improve its production efficiency. Buying a new machine press for $$480,000$ is estimated to result in $$202,000$ in annual pretax cost savings. The press falls in the $5-$year MACRS class, and it will have a salvage value at the end of the project of $$73,000.$ The press also requires an initial investment in spare parts inventory of $$39,000,$ along with an additional $$4,050$ in inventory for each succeeding year of the project. The shop$$s tax rate is $24$ percent and its discount rate is $9$ percent. $($MACRS schedule$)$ Calculate the NPV of this project.