Tanaka Machine Shop is considering a four-year project to improve its production efficlency. Buying a new machine press for $401,000 Is estimated to result in $147,000 in annual pretax cost savings. The press falls in the MACRS five-year class (MACRS schedule) and it will have a salvage value at the end of the project of $48,000. The press also requires an initial investment in spare parts inventory of $15,300, along with an additional $2,300 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 project's NPV. Note: Do not round intermediate calculotions and round your answer to 2 decimal places, e.g., 32.16