Lakeside Inc. is considering replacing old production equipment with state-of-the-art technology that will allow production cost savings of $10,000 per month. The new equipment will have a five-year life and cost $390,000, with an estimated salvage value of $40,000. Lakeside's cost of capital is 10%.Table 6-4andTable 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.)