Beast of Reincarnation doesn't run great

Specs
Ultra 7 155H
RTX4070 8GB
16GB RAM
Resolution - 2560x1600

Graphics Preset - Medium
Upscaling - DLSS Performance
Frame Rate - 11-55FPS (AVG 41 FPS)
Ray Tracing - OFF

Graphics Preset - High
Upscaling - DLSS Performance
Frame Rate - 21-45FPS (AVG 31 FPS)
Ray Tracing - ON

Graphics Preset - Highest
Upscaling - DLSS Balanced
Frame Rate - 11-23FPS (AVG 14 FPS)
Ray Tracing - ON

video - https://youtu.be/zwKr9yIhxes