The Florida Boosters Association has decided to build new bleachers for the football field. Total costs are estimated to be P1 million, and financing will be through a bond issue of the same amount. The bond will have a maturity of 20 years, a coupon rate of 8 percent, and has annual payments. In addition, the Association must set up a reserve to pay off the loan by making 20 equal annual payments into an account that pays 8 percent, annual compounding. The interest-accumulated amount in the reserve will be used to retire the entire issue at its maturity 20 years hence. The Association plans to meet the payment requirements by selling season tickets at a P10 net profit per ticket. How many tickets must be sold each year to service the debt (to meet the interest and principal repayment requirements)?