After graduation, Charmaine have been offered an engineering job with a large company that has offices in Manila and Palawan. The salary is P350,000 per year at either location. Manila’s tax burden...

After graduation, Charmaine have been offered an engineering job with a large company that has offices in Manila and Palawan. The salary is P350,000 per year at either location. Manila’s tax burden (state and local taxes) is 6.5% and Palawan is 4.07%. If you accept the position in Manila and stay with the company for 12 years, what is the FW of the tax savings? Your personal MARR is 10% per year.