Lakeside, Inc., is considering replacing old production equipment with state-of-the-art technology that will allow production cost savings of $5,000 per month. The new equipment will have a five-year life and cost $225,000, with an estimated salvage value of $30,000. Lakeside's cost of capital is 10%. Table 24 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. nt value