Tanaka Machine Shop is considering a four$-$year project to improve its production efficiency. Buying a new machine press for $$423,000$ is estimated to result in $$158,000$ 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 $$59,000.$ The press also requires an initial investment in spare parts inventory of $$16,400,$ along with an additional $$3,400$ in inventory for each succeeding year of the project. The shop's tax rate is $24$ percent and its discount rate is $11$ percent. Calculate the project's NPV$.$

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete but not entirely correct.