Tanaka Machine Shop is considering a four$-$year project to improve its production efficiency. Buying a new machine press for $$475,000$ is estimated to result in $$199,000$ 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 $$72,000.($MACRS schedule$)$The press also requires an initial investment in spare parts inventory of $$38,000,$ along with an additional $$4,000$ in inventory for each succeeding year of the project. The shop$$s tax rate is $23$ percent and its discount rate is $10$ percent. Calculate the NPV of this project.$($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$