Freeman Corporation bought a piece of machinery. Selected data is presented below:

Useful life 6 years

Yearly net cash inflow P45,000

Salvage value - 0 -

Internal rate of return 18%

Cost of capital 15%

1.The initial cost of the machinery was

2.Net present value of the machinery is

3.The present value index of the machinery is

4.The payback period is

5.The discounted payback period is