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Tanaka Machine Shop is considering a fouryear project to improve its production efficiency. Buying a new machine press for $433.000 is estimated to result in

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Tanaka Machine Shop is considering a fouryear project to improve its production efficiency. Buying a new machine press for $433.000 is estimated to result in $163.000 in annual pretax cost savings. The press falis in the MACRS five-year class (MACR: parts inventory of $16,900 along with an additonal $3,900 in inventory for each succeeding year of the project. The shop's tax rate is 24 percent and its discount rate is 11 percent Calculate the project's NPV Note: Do not round intermediote colculations and round your onswer to 2 decimal ploces, e.g., 32.16

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