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Question 14 0/3.5 points Caradoc Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $421,000 is estimated to result in $161,000 in annual pre-tax cost savings. The press 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 $56,100. The press also requires an initial investment in spare parts inventory of $31,000, along with an additional $4,200 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 the project? (the asset class will be open after disposal of the machine $25,338.35 $12,316.15 $34,867.53 $40,161.52 $31,452.40