Lakeside Inc. is considering replacing old production equipment with state-of-the-art technology that will allow production cost savings of $7,500 per month. The new equipment will have a five-year life and cost $320,000, with an estimated salvage value of $20,000 Lakeside's cost of capital is 12%. Table 6-4 and Table 6-5 (Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals.) Required: Calculate the net present value of the new production equipment. (Round your final answer to nearest whole dollars.) Answer is complete but not entirely correct. Not present value 28,511 O