MANAGEMENT ADVISORY SERVICES CAPITAL BUDGETING has a book value of P150,000 and could be sold currently for P50,000. The increased production of the new press would increase inventories by P40,000, accounts receivable by P160,000 and accounts payable by P140,000. Diliman Republic's net initial investment for analyzing the acquisition of the new press assuming a 35% income tax rate would be (M) $90,000 $100,000 $104,000 $60,000 $ 40,000 $156,000 a. P2,450,000 C. P2,600,000