The given equation is

The slope of the given line is 4/3 because it's the coefficient of x.
Now, the new line has a slope of 4/3 too because parallel lines have equal slopes.
We know that the new line passes through the point (5, -8). Let's use the point-slope formula to find the equation.

Replacing the points and the slope, we have.

Therefore, the equation of the new line is y = (4/3)x - (44/3).