14. ABC Co. is considering the acquisition of a new, more efficient press. The cost of the press is P360,000, and the press has an estimated 6-year life with zero salvage value. ABC uses straight-line depreciation for both financial reporting and income tax reporting purposes and has a 40% corporate income tax rate. In evaluating equipment acquisitions of this type, ABC uses a goal of a 4-year payback period. To meet ABC's desired payback period, the press must produce a minimum annual before-tax operating cash savings of __ [nearest peso)