A research foundation wishes to set up a trust fund earning 10% compounded annually to a. provide P2M for the lot and building and P1M for the initial equipment of a Structural engineering & Materials laboratory; b. pay P400,000 for the annual operating costs; and c. pay P500,000 for the purchase of new equipment and replacement of some equipment every 5 years beginning 5 years from now. How much money is needed to be put up in the fund for the building and equipment and to pay for perpetual operation and equipment replacement?