Financial analysis of two type of bridges based on capitalized cost and on the following data is to be made:

Bridge A

Bridge B

Initial cost

P20,000,000

P24,000,000

Cost of renewal

20,000,000

24,000,000

Salvage value

0

2,000,000

Annual maintenance

100,000

None

Repairs every 5 years

1,000,000

500,000

Life

30 years

40 years

If the rate of interest is 8% compounded annually, determine the capitalized cost of each type.