Problem 9-21 Cost-cutting Proposals tL2] CSM Machine Shop is considering a four-year project to improve its production efficiency Buying a new machine press for $495 ,000 is estimated to resut in $195 000 in annual preta cost savings The press fals in the MACRS the-year class CM CH3 zic and i n' have a savage value the end of the prosector, S O 500 The press also equmes an rnal investment in spare pans rwertory of S22 ear of the project The shop's tax irate is 30 percent and its descount rate is 12 peicen Cakuaate the NPVDo not round ineemmediate ealevations and round your answer to deeimai places. 64.2.16.) atag wm an addtional $4 100 in nemory for each succeedeg present alue