The Burger Barn is evaluating the Quick Fry French fryer, which has an

initial cost of P60,000. The new equipment will allow Burger Barn to save on

costs and sell more fries. The annual expected net income increase is

P13,800. The machine salvage value of P2,500 at the end of its 5-year

useful life. Determine if it is worthwhile to invest in the fryer at a minimum

interest rate of 5%.