DEF Company had acquired the following assets: Purchased Equipment on January 1, 2022 with a list price of P1,500,000 and was acquired with the following terms: Trade discount of 10% Offered cash discount of 2% (which DEF did not take). Purchased Machinery on January 1, 2022 under the following terms: Down payment of P150,000; Issued a non-interest bearing note payable in annual installments of P105,000 starting December 31,2022 . Total face value of the note was P420,000. The cash price equivalent for the machinery was not available. The incremental borrowing rate of DEF was 8%. PVF of P1 ordinary annuity for 4 periods was 3.31. the building to the wealthy shareholder was P10,000,000. REQUIREMENTS: What is the initial cost of the equipment? What is the initial cost of the machinery? What is the initial cost of the building? What is the initial cost of the building? O a. 150,000 O b. 13,500,000 Oc. 15,000,000