Tanaka Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $423,000 is estimated to result in $158,000 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 $59.000. The press also requires an initial investment in spare parts inventory of $16,400, along with an additional $3,400 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 rourld intermediate calculations and round your answer to 2 decimal places, e.9., 32.16 . Tanaka Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $423,000 is estimated to result in $158,000 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 $59.000. The press also requires an initial investment in spare parts inventory of $16,400, along with an additional $3,400 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 rourld intermediate calculations and round your answer to 2 decimal places, e.9., 32.16