Search Chapter 10 - Practice HE 3 10 Dot Caradoc Machine Shop is considering a four year project to improve its production efficiency Buying a new machine press for $422.000 is estimated to result in $162,000 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 $56,200. The press also requires an initial investment in spare parts inventory of $32,000 along with an additional $4,300 in Inventory for each succeeding year of the project. If the shop's tax rate is 35% and its discount rate is 9% Calculate the NPV of this project. (Do not found your intermediate calculations. Round the final answer to 2 decimal places. Omits sign in your response.) NPV Reference Should the company buy and install the machine presse Yes NO