An equipment costing ₱600,000, with a residual value of ₱30,000 at its useful life of five years, is expected to bring the following net cash inflows: Year 1-->₱350,000; Year 2--> ₱250,000; Year 3-->...

An equipment costing ₱600,000, with a residual value of ₱30,000 at its useful life of five years, is expected to bring the following net cash inflows: Year 1-->₱350,000; Year 2--> ₱250,000; Year 3--> ₱150,000; Year 4--> ₱100,000; Year 5--> ₱50,000. The company uses a 12% discount rate. The net present value would be?