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Geary Machine Shop is considering a four-year project to improveits production efficiency. Buying a new machine press for $806,400is estimated to result in $268,800 in annual pretax cost savings.The press falls in the MACRS five-year class (MACRS Table), and itwill have a salvage value at the end of the project of $117,600.The press also requires an initial investment in spare partsinventory of $33,600, along with an additional $5,040 in inventoryfor each succeeding year of the project. Required : If the shop'stax rate is 33 percent and its discount rate is 16 percent, what isthe NPV for this project? (Do not round your intermediatecalculations.) rev: 09_18_2012a. $-92,727.18b. $-89,758.54c. $-169,990.58d. $-97,363.54e. $-88,090.82