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 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 $420,000, with an estimated salvage value $30,000. Lakeside's cost of capital is 12%. and (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.)