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Geary Machine Shop is considering a four-year project to improve its production efficiency. Buying a...

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Geary Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $585,600 is estimated to result in $195,200 in annual pretax cost savings. The press falls in the MACRS five-year class (MACRS Table), and it will have a salvage value at the end of the project of $85,400. The press also requires an initial investment in spare parts inventory of $24,400, along with an additional $3,660 in inventory for each succeeding year of the project. Required : If the shop's tax rate is 31 percent and its discount rate is 11 percent, what is the NPV for this project? (Do not round your intermediate calculations.) O $823.69 O $2,534.82 O $-65,889.57 $864.87 $782.50

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