Geary Machine Shop is considering a four$-$year project to improve its production efficiency. Buying a new machine press for $$560,000$ is estimated to result in $$210,000$ in annual pretax cost savings. The press will be depreciated straight$-$line to zero $($$$140,000$ per year$),$ and it will have a salvage value at the end of the project of $$80,000.$ The press also requires an initial investment in spare parts inventory of $$20,000,$ along with an additional $$3,000$ in inventory for each succeeding year of the project. If the shop$$s tax rate is $35\%$ and its discount rate is $9\%,$ what is the NPV of this project?