Chow Inc. has its own cafeteria with the following annual costs

Food

P 400,000

Labor

300,000

Overhead

440,000

Capital

P1,140,000

The overhead is 40% fixed. Of the fixed overhead, P100,000 is the salary of the cafeteria supervisor. The remainder of the fixed overhead has been allocated from total company overhead. Assuming the cafeteria supervisor will remain and that Chow will continue to pay said salary, the maximum cost Chow will be willing to pay an outsider firm to service the cafeteria is