The Fields Company is planning to purchase a new machine which it will depreciate, for book purposes, on a straight-line basis over a ten-year period with no salvage value and a full year's depreciation taken in the year of acquisition.The new machine is expected to produce cash flow from operations, net of income taxes, of P66,000 a year in each of the next ten years.The accounting (book value) rate of return on the initial investment is expected to be 12%.How much will the new machine cost?