Masters Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $1,104,000 is estimated to result in $368,000 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 $161,000. The press also requires an initial investment in spare parts inventory of $46,000, along with an additional $6,900 in inventory for each succeeding year of the project. If the shop's tax rate is 22 percent and its discount rate is 9 percent, what is the NPV for this project? Multiple Choice $94.224.26 O $97,025.79 $-39,136.55 о $98,935.47 O $89,513.05