A bridge that was constructed at a cost of ₱75,000,000 is expected to last 30 years, at the end of which time its renewal cost will be P40,000,000. Annual repairs and maintenance are P3,000,000. What...

A bridge that was constructed at a cost of ₱75,000,000 is expected to last 30
years, at the end of which time its renewal cost will be P40,000,000. Annual
repairs and maintenance are P3,000,000. What is the capitalized cost of the
bridge at an interest of 6%?