The annual maintenance cost on a badminton court is P5,000. What expenditure would be justified for the resurfacing if no maintenance is required for the first 5 years, P2,000 per year for the next 10 years, and P5,000 a year thereafter? Assume the cost of money is 6 percent. (1 + i)" - 1 P1 = A i(1 + i)