Lakeside Inc. is considering replacing old production equipment with state-of-the-art technology that will allow production cost saving of $5,000 per month. The new equipment will have a five-year life and cost $210.000, with an estimated salvage value of $30.000 Lakeside's cost of capital is 8%. 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 present value ratio of the new production equipment. (Round your answer to 2 decimal places.) Present value ratio 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%. Lakeside Inc. uses a straight-line depreciation method Required: Calculate the payback period and the accounting rate of return for the new production equipment. (Round your answers to 2 decimal places.) Payback period Accounting rate of return