Tito, Vic, and Joey decided to admit Allan, a new partner into the TVJ Partnership. Tito, Vic, and Joey share profits in the ratio of 3:2:1, respectively. The statement of financial position of the TVJ Partnership shows the following:

Cash

P142,500

Receivables, net

163,750

Equipment, net

256,250

Liabilities

117,500

Tito, Capital

180,000

Vic, Capital

140,000

Joey, Capital

125,000

The partners decided to revalue the equipment to P206,250 and recognized also the Net Income before Allan's admission amounting to P168,000. Allan is to invest P 206,000 for 1/4 interest in capital and profit share.

What is Allans agreed capital upon his admission in the new partnership?