A company expects to retire an existing machine at the end of 1995 and will replace it with a new machine for the same task at an estimated cost of Php 60,000. The old machine is expected to be sold for Php 5,000 when it is replaced. To provide for replacement, the company intends to deposit the following amounts in an account earning interest at 8% compounded quarterly: Php 20,000 at the end of 1992 Php 15,000 at the end of 1993 Php 10,000 at the end of 1994 What additional amount (in Php) is needed at the end of 1995 to purchase the new machine?