An industrial plant draws $100 \mathrm{~kW}$ at $0.7 \mathrm{Fr}$ lagging from a $480 \angle 0^{\circ} \mathrm{V} \mathrm{rms}, 60 \mathrm{~Hz}$ line. a $500 \mu \mathrm{F}$ capacitor bank is placed in paral with the load, what is the new power factor