Cramden Armored Car Co. is considering the acquisition of a new armored truck. The truck is expected to cost P300,000. The company's discount rate is 12 percent. The firm has determined that the truck generates a positive net present value of P17,022. However, the firm is uncertain as to whether it has determined a reasonable estimate of the salvage value of the truck. In computing the net present value, the company assumed that the truck would be salvaged at the end of the fifth year for P60,000. What is expected annual inflow? Ignore taxes.

a. P42,978

b. P78,500

c. P30,000

d. P55,278

e. P282,976