A ChE company plans to acquire a new equipment at a cost of P150,000 to increase their efficiency. The MARR = 10%. Based on analysis, AOC will amount to P31,000 while their annual revenue will amount to P50,000. The salvage value will be P3,000 at the end of 15 years of economic life, and will be depreciated by P200 as the years increase from 15-year period