An investment of P270,000 can be made in a project that will produce a uniform annual revenue of P185,400 for 5 years and then have a salvage value of 10% of the investment. Costs and maintenance will be P81,000 per year. Taxes and Insurance will be 4% of the first cost per year. The company expects capital to earn not less than 25% before income taxes. Is this a desirable investment? Use PW, AW and FW Methods. Also find Payback period. (Note: Show cash flow diagram)