Lakeside Incorporated 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 $30,000. Lakeside's cost of capital is 10%. and Required: Calculate the present value ratio of the new production equipment. Note: Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals. Round your answer to 2 decimal places. Table 6-4: Factors for Calculating the Present Value of $1 Table 6-5: Factors for Calculating the Present Value of an Annuity of $1 \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|} \hline 25 & 19.523 & 15.6221 & 12.7834 & 10.6748 & 9.0770 & 7.8431 & 6.8729 & 6.0971 & 5.4669 & 4.9476 \\ \hline 30 & 22.396 & 17.2920 & 13.7648 & 11.2578 & 9.4269 & 8.0552 & 7.0027 & 6.1772 & 5.5168 & 4.9789 \\ \hline 35 & 24.999 & 18.6646 & 14.4982 & 11.6546 & 9.6442 & 8.1755 & 7.0700 & 6.2153 & 5.5386 & 4.9915 \\ \hline 40 & 27.355 & 19.7928 & 15.0463 & 11.9246 & 9.7791 & 8.2438 & 7.1050 & 6.2335 & 5.5482 & 4.9966 \\ \hline 45 & 29.490 & 20.7200 & 15.4558 & 12.1084 & 9.8628 & 8.2825 & 7.1232 & 6.2421 & 5.5523 & 4.9986 \\ \hline 50 & 31.424 & 21.4822 & 15.7619 & 12.2335 & 9.9148 & 8.3045 & 7.1327 & 6.2463 & 5.5541 & 4.9995 \\ \hline \end{tabular}