Motion Metrics is considering a four-year project to improve its production efficiency. Buying a new production equipment for $41.000 is estimated to result in $154,000 in annual pre-tax cost savings. The equipment falls into Class 8 for CCA purposes (CCA rate of 20% per year), and it will have a salvage value at the end of the project of $55.400. The project also requires an initial investment in spare parts inventory of $24,000, along with an additional $3,500 in inventory for each succeeding year of the project. If the firm's fax rate is 35% and its discount rate is 9%. Calculate the NPV of this project. (Do not round your intermediate calculations, Round the final answer to 2 decimal places, Omit $ sign in your response.) NPV