hapter 10 Pre-Built Problems Help Save&Exit Submit Check my work 8 Masters Machine Shop is considering a four-year project to improve Its production efficiency. Buying a new machine press for $420,000 is estimated to result in in annual pretax cost savings. The press falls in the MACRS five-year class, and have a salvage value at the end of the project of $66,000. The press also requires an initial investment in spare parts inventory of $27000, along with an additional $3,450 in inventory for each succeeding year of the project. The shop's tax rate is 22 percent and its discount rate is 9 percent. (MACRS schedule) $166,000 it will ook Calculate the NPV of this project. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) int nces NPV K Prev 8 of 10 Next>