A project proposal with a 5 years life requires a new capital equipment worth P 2,000,000. It also requires an additional initial investment of P250,000, 60% of which is financed by trade credit. The new equipment has a useful life of 5 years, no salvage value and will be depreciated using the straight line method. The new equipment will result to an annual increase in sales of P800,000: increase in operating expenses of P 350,000 per year. Income tax rate is 32%. How much is the net investment cash flow? How much is the depreciable value of the equipment? How much is the annual depreciation of the equipment? How much is the operating cash flow for the first year