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-vear life and cost $390,000, with an estimated salvage value of $40,000. Lakeside's cost of capital s 10% Table 4 and Table 6-5. Use approp ate f cto s from the tables provided. Round the P fan s to 4 decimals.) Required: Calculate the present value ratio of the new production equipment. (Round your answer to 2 decimal places.)