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 $210,000, with an estimated salvage value of $40,000. Lakeside?s cost of capital is 8%.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.

Net present value: