Warmack Machine Shop is considering a four-year project to Improve its production efficiency. Buying a new machine press for $560,000 is estimated to result in $235,000 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 $94,000. The press also requires an Initial Investment in spare parts Inventory of $29.000, along with an additional $3,400 in Inventory for each succeeding year of the project. The shop's tax rate is 35 percent and its discount rate is 9 percent. (MACRS schedule) Calculate the NPV of this project. (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV $D Should the company buy and Install the machine press? Yes NO