Marshall Tech Inc., a shipbuilding company, is entering into a contract to build a small vessel. The project also involves the construction of a small building that will house the workers. The cash outlay for the building is P1,000,000. In addition, equipment amounting to P750,000 will be purchased and installed near the port. The estimated life of the building and equipment is 5 years. To finance the planned investment, the company will issue common stocks at a selling price of P100 with an expected dividend of P12 per share. The tax rate is 30%.The expected net income before tax from the project is as follows:Year1, P350,000;Year2, P325,000;Year3, P400,000;Year4, P425,000; andYear5, P475,000.

Compute the Total Net Cash Flows of the project*