An asphalt road requires no upkeep until the end of 3 years when P60,000 will be needed for repairs. After this P80,000 will be needed for repairs at the end of each year for the next 6 years, then P120, 000 at the end of each year for the next 6 years. If money is worth 14% compounded annually, what was the equivalent uniform annual cost for the 15-year period?