Jacob Company engaged your services to compute the goodwill in the purchase of Isau Company which provided the following:

	Net income	Net assets
2016	P2,100,000	P9,000,000
2017	2,400,000	12,000,000
2018	3,000,000	13,200,000
2019	3,300,000	13,800,000

It is agreed that goodwill is measured by capitalizing excess earnings at 25% with normal return on average net assets at 15%. How much is the purchase price for Isau Company?