Masters Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $1,113,600 is estimated to result in $371,200 in annual pretax cost savings. The press falls in the MACRS five-year class (MACRS Table), and it will have a salvage value at the end of the project of $162,400. The press also requires an initial investment in spare parts inventory of $46,400, along with an additional $6,960 in inventory for each succeeding year of the project. If the shop's tax rate is 24 percent and its discount rate is 9 percent, what is the NPV for this project