Tanaka Machine Shop is considering a four$-$year project to improve its production

efficiency. Buying a new machine press for $$431,000$ is estimated to result in

$$162,000$ in annual pretax cost savings. The press qualifies for $100$ percent bonus

depreciation and it will have a salvage value at the end of the project of $$63,000.$

The press also requires an initial investment in spare parts inventory of $$16,800,$

along with an additional $$3,800$ in inventory for each succeeding year of the

project. The shop's tax rate is $23$ percent and its discount rate is $10$ percent.

Calculate the project's NPV$.$

Note: Do not round intermediate calculations and round your answer to $2$

decimal places, e$.$g$.,32\mathrm{.}16.$