Baguio Coat Company estimates that 60,000 special zippers will be used in the manufacture of men's jackets during the next year. Zipper company has a quoted a price of P0.60 per zipper. Baguio would prefer to purchase 5,000 units per month but Zipper is unable to guarantee this delivery schedule. To ensure availability of these zippers, Baguio is considering the purchase of all 60,000 units at the beginning of the year. Assuming Baguio can invest cash at 8%, the company's opportunity cost of purchasing the 60,000 units at the beginning of the year is: