Masters Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $873,600 is estimated to result in $291,200 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 $127,400. The press also requires an initial investment in spare parts inventory of $36,400, along with an additional $5,460 in inventory for each succeeding year of the project. 8 02:51:18 If the shop's tax rate is 21 percent and its discount rate is 8 percent, what is the NPV for this project? Multiple Choice 0 $101,751.23 0 $103,782.39 0 $-7,567.70 0 $106.838.79 $106,838.79 0 $96,663.67 Property Class Three-Year Five-Year 33.33% 20.00% 44.45 32.00 14.81 19.20 11.52 11.52 5.76 7.41 Ovo AWN Seven-Year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46