The capitalized cost of a piece of equipment was found to be Php 297,380. The rate of interest used in the computations was 17%, with a salvage value of Php 13,039 at the end of a service life of 7 years. Assuming that the cost of perpetual replacement remains constant, what is the original cost (in Php) of the equipment? Round off your final answer to two decimal places. Input numerical values only, do not type the units, space or comma.