Tanaka Machine Shop is considering a four$-$year project to improve its production efficiency. Buying a new machine press for

$$450,000$ is estimated to result in $$180,000$ in annual pretax cost savings. The press falls in the MACRS five$-$year class, and it will have

a salvage value at the end of the project of $$76,000.$ Refer to Table $8\mathrm{.}3.$ The press also requires an initial investment in spare parts

inventory of $$18,000,$ along with an additional $$2,300$ in inventory for each succeeding year of the project. The shop's tax rate is $22$

percent and the project's required return is $9$ percent. Calculate the NPV of this project.

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

NPV