Caradoc Machine Shop is considering a four year project to improve its production efficiency Buying a new machine press for $411000 is estimated to result in $151,000 in annual pre-tax cost savings. The press falls into Class 8 for CCA purposes (CCA rate of 20% per year) and it will have a salvage value of the end of the project of $55100. The press also requires an initial investment in spare parts inventory of $21,000, along with an additional $3,200 in inventory for each succeeding year of the project if the shop's tax rate is 35% and its discount rate is 9% Calculate the NPV of this project (Do not round your intermediate sleutations, Round the final answer to 2 decimal places. Omits sign in your response.) NPV $ Should the company buy and install the machine press? Yes O No