NUBD Co. purchased a new machine on January 1, 2021 for P350,000. The machine is expected to have a useful life of 8 years and no salvage value. Straight-line depreciation is to be used. The present...

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Extracted text: NUBD Co. purchased a new machine on January 1, 2021 for P350,000. The machine is expected to have a useful life of 8 years and no salvage value. Straight-line depreciation is to be used. The present value of the cash flow generated by the machine was calculated to be P284,920 using a time-adjusted rate of return of 15%. Use 3 decimal places for the PV factors. What was the annual cash flow, net of income taxes, that was used in the calculation of the present value? * A Sample format: 11,111