Tanaka Machine Shop is considering a four$-$year project to improve its production efficiency. Buying a new machine press for $$480,000$ is estimated to result in $$195,000$ 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 $$81,000.$ Refer to Table $8\mathrm{.}3.$ The press also requires an initial investment in spare parts inventory of $$21,000,$ along with an additional $$2,600$ in inventory for each succeeding year of the project. The shop$$s tax rate is $21$ percent and the project's required return is $8$ percent. Calculate the NPV of this project.

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

If possible can the individual do this in excel, I am stuck and have no idea what I$\text{'}$m doing wrong