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The first cost of an electric rebar bender is P392,000 and a salvage value of P41,000 at the end of its life for 4 years.

The first cost of an electric rebar bender is P392,000 and a salvage value of P41,000 at the end of its life for 4 years. Money is worth 6.1% annually. If there is no salvage value and the annual maintenance cost is P17,000, find the annual cost of perpetual service. Express your answer in whole number..

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