Chester Company is a mini-conglomerate with manv divisions. In 2018, the management of the companyr commissions its engineering and construction division to build a plant for its manufacturing division. The costs incurred for the construction of the plant are as follows; Constructors' cost, P10,500,000; Direct materials and labor cost used in construction, P8,500,000; Engineering and technical overheads, P2,500,000; Interest costs incurred to nance the construction, P2,000,000 and General administrative costs allocated, P3,000. Of the direct materials and labor cost used, P1,500,000 is attributable to costs inefficiencies caused by a labor strike. The transfer price between the two divisions is P30,000,000. The manufacturing division records the plant at the transfer price. A similar plant could have been purchased at a price of P28,000,000. At what amount should the Plant be properly initially.r recorded