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Peter and James are partners in Apostles Partnership with the following capital balances prior to admission of John: Peter, Capital - P105,000; James, Capital

Peter and James are partners in Apostles Partnership with the following capital balances prior to admission of John: Peter, Capital - P105,000; James, Capital - P166,000. John is to be admitted into the partnership by investing enough cash for a 27% interest. How much should John invest? Note: Round off answer to the nearest peso.

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