$\backslash$table$[[$Property Class$],[$Year$,$Three$-$Year,Five$-$Year,Seven$-$Year$],[1,33\mathrm{.}33\%,20\mathrm{.}00\%,14\mathrm{.}29\%$ Tanaka Machine Shop is considering a four$-$year project to improve its production efficiency. Buying a new machine press for $$390,000$ is estimated to result in $$148,000$ in annual pretax cost savings. The press falls in the MACRS five$-$year class, and it will have a salvage value at the end of the project of $$48,000.($MACRS schedule$)$ The press also requires an initial investment in spare parts inventory of $$21,000,$ along with an additional $$3,150$ in inventory for each succeeding year of the project. The shop$$s tax rate is $21$ percent and its discount rate is $8$ percent. Calculate the NPV of this project.