4) Adriste Philippines, Inc. expects to retire an existing machine at the end of 2023 and will replace it with a new machine for the same task at an estimated cost of INR 6,00,000. The old machine can be sold for INR 50,000 when it is replaced. To provide for replacement, the company deposited the following amounts in an account earning interest at 8% : INR 2,00,000 at the end of 2020; INR 1,50,000 at the end of 2021 ; INR 1,00,000 at the end of 2022 What additional amount is needed at the end of 2023 to purchase the new machine