Pio, Francis, and Lawrence opened a law firm on January 2, 2021 in Laguna City. The business was registered as a partnership for which Francis serves as the managing partner.

After its third year of operation, the partners decided to admit Felix as a new partner. The capital balances of the partners before the admission of Felix were as follows together with their profit and loss ratios:

	P & L	Capital
	ratio	Balance
Pio	7	P 1,400,000
Francis	5	1,000,000
Lawrence	3	600,000

How much should Felix invest in order to have a 20% interest in the partnership?