Tanaka Machine Shop is considering a four$-$year project to improve its production efficiency, Buying a new machine press for $$410,000$ is estimated to result in $$160,000$ 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 $$69,000.$ Refer to Table $8\mathrm{.}3.$ The press also requires an initial investment in spare parts inventory of $$14,000,$ along with an additional $$1,900$ in inventory for each succeeding year of the project. The shop's tax rate is $21$ percent and the project's required retum 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$,$n$32\mathrm{.}16.$

$\backslash$table$[[$NPV$,$$$445,278,98$