Tanaka Machine Shop $is$ considering a four$-$year project $to$ improve its production efficiency. Buying a new machine press for $$440,000is$ estimated $to$ result $in$ $$178,000in$ 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 $of$ $$72,000.(MACRS$ schedule$)$ The press also requires $an$ initial investment $in$ spare parts inventory $of$ $$31,000,$ along with $an$ additional $$3,650in$ inventory for each succeeding year $of$ the project. The shop$s$ tax rate $is21$ percent and its discount rate $is12$ percent. Calculate the $NPVof$ this project.