EXECUTIVE SUMMARY

Bike Manila is a bicycle shop that offers a wide selection of bicycles, bicycle products
and services. We are dedicated in providing high quality products and premium service at
reasonable prices.

We offer retail sales of new bicycles from trusted manufacturers to ensure that customers
will be buying bicycles that have passed safety and quality standards. In addition, we also offer
bicycle parts, accessories, bikers gear, as well as a bicycle assembly service to cater to
customers who prefer choosing the parts of their bicycles, and repair and maintenance services.

Bike Manilas goal is to be a one-stop shop for all customers cycling needs and to cater
to clients from all walks of life and to suit their needs and lifestyle. To meet our goal, we aim to
satisfy the customers demands for unique bicycles, products and services, to give customers the
freedom to express themselves to find or build a bike that matches their taste. We foresee Bike
Manila becoming a premier destination for bicycle needs, providing quality yet cost-effective
bicycle products and services in Metro Manila and in the Philippines.

COMPANY DESCRIPTION

Bike Manila is a one-stop bicycle shop that provides customers with high quality bicycle
sales, products and services. Our customers are guaranteed to only be sold new products, parts
and accessories from trusted manufacturers, ensuring that they have passed safety and quality
standards. We intend to build a home for our customers, especially bike enthusiasts, providing
them with a friendly and relaxing atmosphere in which they can take their time and choose the
perfect bike that suits their needs.

At Bike Manila, we have a professional bicycle expert at our shop to assist our customers
with any help they need and assistance from assembling the bike, to changing wheels, chains,
adjusting different parts, etc. We also personalize/customize bicycles for our clients, giving them
the privilege to choose their own bicycle parts to fit their lifestyle. The availability of all out
parts and accessories gives our customers the trust of one-stop-shopping. Every time they need
bicycle parts, accessories and services, they know they can count on us to provide anytime.

MARKET ANALYSIS

The location of Bike Manila would be in Cartimar located at Taft Avenue Pasay City. We
chose this location because there are a lot of people who go there to look for various goods. We
believe that Cartimar is the go to place of our target market. They can easily turn into potential
buyers. Having reasonable prices in exchange of quality and durability that target market can
easily expand to those passerby who are looking for the perfect bicycle.

On the other hand, there are also many bicycle shops around the vicinity but we could use
that as an advantage. The fact that there were a lot of bicycle shops in the area means that people
know where to look. Nothing in Cartimar has a monopoly on bicycles so it will be easy to lure
new customers with our fresh designs and brand new technology. We can use our newness to
attract buyers and convince them that even though there are so many other choices to choose
from, our product is unique and no one offers the same product as ours.

Our target market are the commuters, athletes, students and children. Commuters who
primarily use bicycle as their means of transportation because they are more likely to modify and
repair their bicycle more often. Athletes that use bicycles to enhance their physical attributes
because they are the ones who would often visit a bike shop to check for things they need for
trainings. Students and children because they might be interested in buying bicycles and our shop
will be the best place for them to look around.

ORGANIZATION AND MANAGEMENT

Organizational Chart and Job Descriptions

President

Merchandising
Manager

Marketing
Manager

Quality
Control/Research
Staff

Marketing
Staff

Financial
Manager

Accountant

Payroll
Personnel

Store Manager

Staff`

Staff

President is the head of the business or the owner plus leader the president plan, develop,
organize, evaluate the business/organization fiscal function and performance and overseeing all
whats happening in the business.
Merchandising Manager Also known as Purchasing manager, and also the one who decides
what merchandise or various products will the business sell to meet the customers demand.
Marketing Manager is responsible for a broad array of product and focuses on partial
application of marketing
Quality Control/Research Staff is a group of people that check and ensure the high quality of
retail product of the business. They also responsible on keeping track of the latest or in demand
product of our business
Marketing Staff variety of employees that share a common goal on promoting the company's
brand. Members of the marketing staff need to work together, finding a way to create interest in
their company/business products and services.
Financial Manager responsible for all financial functions of the business, monitoring and
interpreting cash flows plus the preparation of accounts in business.
Accountant performs financial functions related to the collection of financial data, recording
the flow of the money in the business, the entry and reports analysis and presentation of a
business or organization about the financial operations and accountants is also responsible for
keeping track the business all financial operation.
Payroll Personnel are typically the ones responsible for processing entries such as hiring,
budget number changes and making monthly payments on time, working out tax, leave of
absence etc.
Store Manager is the person in charge of entire stores and the employees that work within.
Store manager oversees the operations of the store, making sure it runs smoothly, cleanly and
meets any budget or sales goals.

Staff - group of persons, as employees, charged with carrying out the work of that provides
general customer service.

SERVICE AND PRODUCT LINE

Mountain Bikes

Mars Kingdom M-163 ODS

Trinx 036
Extreme Bikes Nitecore X-Trail
Nitecore Extreme 0 Alloy Frame Shimano Parts
Extreme Bikes Nitecore 1
Sava M1 27.5
Sava SV-580 26er Hydraulic Acera 27 Speed
Sava SV-580 27.5 Hydraulic Acera 27 Speed Carbon
Sava SV-550 Carbon
Sava SV-550 27.5 Air Shock 27S Hydraulic Carbon
Sava XT Groupset Titanium

Sava R3 Racer Bike

Mars Kingdom 26C011 MK Colossus Fat Bike
Sava R700c Knight Racer Bike
Aleoca AB70016-CR Cavallo Racer Bike
Cannondale CAAD 8 Sora Road Bike
Sava R-791 Full Carbon Road Bike
Giant TCR Composite 1 Racing Bike

Hybrid Bikes

Pure Fix Tango Bike

Road Bikes

21281 Bicycle
Mars Kingdom MV1

MK Mini-Velo
Hubu T-7000
Bike

Road

Pure Fix Echo Bike

Pure Fix Delta Bike
Mongoose Maurice Fixie Bike
Aleoca AB70016-CR Cavallo Racer Bike
Tern Joe D24 Folding 26'' Bicycle

Bike for Kids

Kidy Fixy Size 16 Kids Bike

KH KaiXin 008-12 12'inch Kids Folding Bike with Back Seat
KH KaiXin 008-16 16'inch Kids Folding Bike with Back Seat
Mars Kingdom S1 ODS Kid's Bike
Diamondback Impression 20" Kid's Bike

Accessories

Bike Solar Powered Rechargeable Tail Light

Bike Padded Half Finger Black Series Gloves
Outdoor Bike Bicycle Fingerless Sports Half Finger Red Gloves
Bicycle Computer Odometer Waterproof Speedometer LCD Display
SUNDING Bike SD-548C Digital LCD Wireless Cyclometer Speedometer
XC Source ROCKBROS Extra Comfort Soft Bicycle Gel Pad Cushion Cover Saddle Seat

CS016
Bike Bicycle Accessory 17W LED Flashlight Holder Front light Torch Red
Cree XM-L 2x T6 LED Bike Bicycle Headlamp Front Head Light

Helmets

NEW Black Cycling Bicycle Adult Mens Bike Helmet Safety Helmet With Visor
MTB Road Cycling Bicycle Adult Bike 18 Channeled Vents Safety Helmet Black
Bike Bicycle MTB Road Cycling Adult Outdoor Helmet 55-65cm Visor Blue
OASAP Bicycle Cycling Helmet 21 Air Vents Bike Helmet
Outdoor Bike Bicycle Cycling Helmet
GUB SS Super Shuttle Outdoor Bike Bicycle Cycling EPU Helmet 57~61cm Red
029 21 Road Cycling Mountain Bike Bicycle Adjustable Skating Helmet
038 24 Road Cycling Mountain Bike Bicycle Adjustable Skating Helmet

Basecamp Ultra-light Integrally-molded Adjustable Bike Bicycle Helmet

Basecamp Ultra-light Integrally-molded Adjustable Bike Bicycle Helmet
w/ Safety Flash Light

Basic Clothing

Cycling Jacket
Cycling Shorts/Tights/Baggy
Sleeved/Jersey/Skirts
Bike socks
Bike gloves

Services

Tire Vulcanizing
Tire Replacing
Chain Lubing
Chain Cleaning
Brake Cable Replacing
Lubricant Repacking
Derailleurs and Brake Systems Adjusting
Installing of Accessories
Custom Wheel Building

MARKETING AND SALES

Before we open Bike Manila, first we will create a Facebook, Twitter and other social
media accounts to create a hype on our opening. We intend to create a small commercial that will
be posted on social media accounts so they will have a proper introduction to our products. We
also plan to give out flyers and posters for people to know about us. It will be a small investment
compared to the benefit (customers) that it could gain us.

On our first week, we plan to create a promo, possibly an opening sale or a price drop on
our items. Once we gain net profit, we plan on creating more advertisements for the shop.

We will be having sale every three months to attract new customers. We will make sure to
have new designs, not just to attract new people or new buyers but also to keep our previous or
regular customers interested. It could be a way for them to recommend our store to their friends
or family.

COSTING
Mountain Bikes

Road

Mars Kingdom M-163 ODS

5,700.00

Trinx 036

6,800.00

Extreme Bikes Nitecore X-Trail

7,599.00

Bicycle
Nitecore Extreme21281
0 Alloy
Frame Shimano Parts

11,990.00
3,999.00

Mars Extreme
KingdomBikes
MV1Nitecore
MK Mini-Velo
1

7,499.00
12,999.00

HubuSava
T-7000
M1Road
27.5 Bike

9,800.00
18,500.00

Racer Bike
Sava SV-580Sava
26erR3
Hydraulic
Acera 27 Speed

17,300.00
24,999.00

Mars
Kingdom
MK
Colossus
Fat Bike
Sava
SV-580
27.5 26C011
Hydraulic
Acera
27 Speed
Carbon

17,999.00
26,999.00

Sava Sava
R700cSV-550
KnightCarbon
Racer Bike

21,500.00
41,000.00

Cavallo
Racer Bike
SavaAleoca
SV-550AB70016-CR
27.5 Air Shock
27S Hydraulic
Carbon

23,750.00
45,000.00

Sava XT Groupset Titanium

98,000.00

Bikes

Cannondale CAAD 8 Sora Road Bike

38,000.00

Sava R-791 Full Carbon Road Bike

94,000.00

Giant TCR Composite 1 Racing Bike

103,500.00

Hybrid Bikes
Pure Fix Tango Bike

10,800.00

Pure Fix Echo Bike

10,800.00

Pure Fix Delta Bike

10,800.00

Mongoose Maurice Fixie Bike

17,000.00

Aleoca AB70016-CR Cavallo Racer Bike

23,750.00

Tern Joe D24 Folding 26'' Bicycle

29,830.00

Bike for Kids

Kidy Fixy Size 16 Kids Bike
KH KaiXin 008-12 12'inch Kids Folding Bike with Back
Seat
KH KaiXin 008-16 16'inch Kids Folding Bike with Back
Seat

2,200.00
3,999.00
5,499.00

Mars Kingdom S1 ODS Kid's Bike

6,300.00

Diamondback Impression 20" Kid's Bike

7,100.00

Accessories
Bike Solar Powered Rechargeable Tail Light

320.00

Bike Padded Half Finger Black Series Gloves

Outdoor Bike Bicycle Fingerless Sports Half Finger Red
Gloves
Bicycle Computer Odometer Waterproof Speedometer LCD
Display
SUNDING Bike SD-548C Digital LCD Wireless
Cyclometer Speedometer

430.00
446.00
498.00
650.00

XC Source ROCKBROS Extra Comfort Soft Bicycle Gel

Pad Cushion Cover Saddle Seat CS016
Bike Bicycle Accessory 17W LED Flashlight Holder Front
light Torch Red
Cree XM-L 2x T6 LED Bike Bicycle Headlamp Front Head
Light

697.00
803.00
899.00

Helmets
NEW Black Cycling Bicycle Adult Mens Bike Helmet
793.00
Safety
Helmet
With
Visor
Cycling Jacket
2,500.00
MTB Road Cycling Bicycle Adult Bike 18 Channeled Vents
941.00
Safety
Helmet
Black
Cycling Shorts/Tights/Baggy
1,750.00
Bike Bicycle MTB Road Cycling Adult Outdoor Helmet 551,215.00
65cm Visor Blue
Sleeved/Jersey/Skirts
1,750.00
OASAP Bicycle Cycling Helmet 21 Air Vents Bike Helmet
1,216.00
Bike socks
1,250.00
Outdoor Bike Bicycle Cycling Helmet
1,596.00
Bike gloves
2,150.00
GUB SS Super Shuttle Outdoor Bike Bicycle Cycling EPU
1,698.00
Helmet 57~61cm Red
029 21 Road Cycling Mountain Bike Bicycle Adjustable
1,949.00
Skating Helmet
038 24 Road Cycling Mountain Bike Bicycle Adjustable
2,258.00
Skating Helmet
Basecamp Ultra-light Integrally-molded Adjustable Bike
3,889.00
Bicycle Helmet
Basecamp Ultra-light Integrally-molded Adjustable Bike
Bicycle Helmet
4,081.00
w/ Safety Flash Light
Basic Clothing

Services
Tire Vulcanizing

129.00

Tire Replacing

349.00

Chain Lubing

179.00

Chain Cleaning

259.00

Brake Cable Replacing

199.00

Lubricant Repacking

369.00

Derailleurs and Brake Systems Adjusting

459.00

Installing of Accessories

559.00

Custom Wheel Building

2999.00

EXPENSES
Inventory
Mountain Bikes
Mars Kingdom M-163 ODS

4,845.00

4,845.00

Trinx 036

5,780.00

5,780.00

Extreme Bikes Nitecore X-Trail

6,459.15

6,459.15

Nitecore Extreme 0 Alloy Frame Shimano Parts

10,191.15

10,191.15

Extreme Bikes Nitecore 1

11,049.15

11,049.15

Sava M1 27.5

15,725.00

15,725.00

Sava SV-580 26er Hydraulic Acera 27 Speed

21,249.15

21,249.15

Sava SV-580 27.5 Hydraulic Acera 27 Speed Carbon

22,949.15

22,949.15

Sava SV-550 Carbon

34,850.00

34,850.00

Sava SV-550 27.5 Air Shock 27S Hydraulic Carbon

38,250.00

38,250.00

Sava XT Groupset Titanium

83,300.00

83,300.00

Road Bikes
21281 Bicycle

3,399.15

3,399.15

Mars Kingdom MV1 MK Mini-Velo

6,374.15

6,374.15

Hubu T-7000 Road Bike

8,330.00

8,330.00

Sava R3 Racer Bike

17,300.00

17,300.00

Mars Kingdom 26C011 MK Colossus Fat Bike

14,705.00

14,705.00

Sava R700c Knight Racer Bike

17,850.00

17,850.00

Aleoca AB70016-CR Cavallo Racer Bike

20,187.00

20,187.00

Cannondale CAAD 8 Sora Road Bike

32,300.00

32,300.00

Sava R-791 Full Carbon Road Bike

79,900.00

79,900.00

Giant TCR Composite 1 Racing Bike

87,975.00

87,975.00

Hybrid Bikes
Pure Fix Tango Bike

9,180.00

9,180.00

Pure Fix Echo Bike

8,568.00

8,568.00

Pure Fix Delta Bike

9,180.00

9,180.00

Mongoose Maurice Fixie Bike

14,450.00

14,450.00

Aleoca AB70016-CR Cavallo Racer Bike

20,187.00

20,187.00

Tern Joe D24 Folding 26'' Bicycle

25,355.00

25,355.00

1,870.00

1,870.00

Bike for Kids

Kidy Fixy Size 16 Kids Bike
KH KaiXin 008-12 12'inch Kids Folding Bike with Back
Seat
KH KaiXin 008-16 16'inch Kids Folding Bike with Back
Seat

3,399.00
4,674.15

3,399.00

4,674.15

Mars Kingdom S1 ODS Kid's Bike

5,355.00

5,355.00

Diamondback Impression 20" Kid's Bike

Total

6,035.00

6,035.00
651,221,05

Accessories
Bike Solar Powered Rechargeable Tail Light

272.00

Bike Padded Half Finger Black Series Gloves

Outdoor Bike Bicycle Fingerless Sports Half Finger Red
Gloves
Bicycle Computer Odometer Waterproof Speedometer LCD
Display

356.5

1
1

272.00
356.5

1
379.1

379.1
1

423.5

423.5

SUNDING Bike SD-548C Digital LCD Wireless

Cyclometer Speedometer
XC Source ROCKBROS Extra Comfort Soft Bicycle Gel
Pad Cushion Cover Saddle Seat CS016
Bike Bicycle Accessory 17W LED Flashlight Holder Front
light Torch Red
Cree XM-L 2x T6 LED Bike Bicycle Headlamp Front Head
Light

1
552.5

552.5
1

592.45

592.45

1
685.55

685.55
1

764.15

764.15

Basic Clothing
Cycling Jacket
Cycling Shorts/Tights/Baggy
Sleeved/Jersey/Skirts
Bike socks
Bike gloves

500.00
350.00
350.00
250.00
430.00

5
5
5
5
5

2,500.00
1,750.00
1,750.00
1,250.00
2,150.00

Helmets
NEW Black Cycling Bicycle Adult Mens Bike Helmet
Safety Helmet With Visor
MTB Road Cycling Bicycle Adult Bike 18 Channeled Vents
Safety Helmet Black
Bike Bicycle MTB Road Cycling Adult Outdoor Helmet 5565cm Visor Blue
OASAP Bicycle Cycling Helmet 21 Air Vents Bike Helmet
Outdoor Bike Bicycle Cycling Helmet
GUB SS Super Shuttle Outdoor Bike Bicycle Cycling EPU
Helmet 57~61cm Red
029 21 Road Cycling Mountain Bike Bicycle Adjustable
Skating Helmet
038 24 Road Cycling Mountain Bike Bicycle Adjustable
Skating Helmet
Basecamp Ultra-light Integrally-molded Adjustable Bike
Bicycle Helmet
Basecamp Ultra-light Integrally-molded Adjustable Bike
Bicycle Helmet w/ Safety Flash Light
Total

Equipment

674.05
799.85
1,032.75

1
1
1

674.05
799.85
1,032.75

1,033.6

1,033.6

1,356.6

1,356.6

1,443.3
1,656.65
1,919.3
3,305.65
3,468.85

1
1
1
1
1

1,443.3
1,656.65
1,919.3
3,305.65
3,468.85
30,296.35

Equipment
Computer
Cash register
Chain Cleaner
Tire pumps
Total

Price
12,000.00
10,000.00
1,222.00
2,449.00

Quantity
1
1
3
3

Equipment Expense
12,000.00
10,000.00
3,666.00
7,347.00
33,013.00

Tools
Chain Checker
Torx Keys
Floor Pump
Chain tool
Eight-9, and 10mm Combination Wrenches
Tire Levers
Cable Cutter
Compact Scissors
Hex Keys
Vise-Whip and Cassette Lockring Tool with
Guide Pins Handle
Multitool
Four-Way Screwdriver
Spoke Wrenches
Sharpened Spoke
Total

1,269.00
893.00
3,760.00
5,285.00
1,034.00
470.00
2,149.00
799.00
940.00
4,469.00
1,175.00
580.00
376.00
280.00
22,539.00

Supplies
Supplies
Ballpen
Stapler
Small plastic bag
Large plastic bag
Bike Grease
Straw
Clean rags
Wax spray
Solvents
Vulcanizing gum
Set of brushes
Vulcanizing cemeent

Price
20.00
150
15
30
200
50
250
420
345
100
1,500
450

Quantity
5
2
100
100
5
3
10
3
2
5
2
3

Supplies Expense
100.00
300
1,500
3,000
1,000
150
2,500
1,260
690
500
3,500
1,350

Total

16,850.00

Furniture and Fixture

Bricks Wallpaper
Long table with glass top
Bicycle wheel live edge wood sofa
Reused bike wheel part chair with leather
Cushions
Bicycle art displays
Bike shelf
Wall paint
Wood Flooring
Marset pleat box light
Wooden storage and racks
Wall shelves
Flush toilet
Glass door (front)
Single handle faucets
Electrical insulation
Air conditioner
Total

Price
57.00(per pcs.)
15,000.00
15,000.00

Quantity
400
2
2

Fur. & Fix Expense

22,800.00
30,000.00
30,000.00

2,500.00

10

25,000.00

5,000.00
12,925.00
450.00
500.00 each
5,000.00
2,350.00
2,250.00
3,500.00
15,000.00
1,500.00
18,000.00
12,000.00

5
5
4
100
3
8
5
1
2
2
4
2

25,000.00
64,625.00
1,800.00
50,000
15,000.00
18,800.00
11,250.00
3,500.00
30,000.00
3,000.00
72,000.00
24,000.00
421,775.00

Furniture and Fixtures Expense

Advertising Expense
Advertising
Brochures
Flyers
Tarpaulin
Total

Quantity
20
50
2

Advertising Expense
650.00
1,000.00
1,000.00
2,650.00

Utilities Expense (Monthly)

Utilities
Electricity
Water
Telephone
Internet
Rent
Total

Utilities Expense
25,000.00
15,000.00
12,000.00
10,000
20,000.00
82,000.00
Operating Expense

Supplies Expense
Equipment Expense
Inventory
Tools
Furniture and Fixtures Expense
Advertising Expense
Utilities Expense
Total

16,850.00
33,013.00
681,517.4
22,539
421,775.00
2,650.00
82,000.00
1,260,344.4

PAYROLL

Gross
Position
Marketing Manager
Merchandising Manager
Finance Manager
Store Manager
Accountant
Payoll Personel
Quality Control Employee(1)
Quality Control Employee(2)
Quality Control Employee(3)
Quality Control Employee(4)
Marketing Staff Employee(1)
Marketing Staff Employee(2)
Marketing Staff Employee(3)
Store Staff (Cashier)
Store Staff (Assistant)
Store Staff (Assistant)
Store Staff (Assistant)
Total

Withholding

Phil.
SSS

Pay

Tax

24,000
24,000
24,000
20,000
23,500
22,000
13,000
13,000
13,000
13,000
12,000
12,000
12,000
9,000
9,000
9,000
9,000
261,50
0

3916.75
3916.75
3916.75
2916.75
3791.75
3416.75
1308.33
1308.33
1308.33
1308.33
1108.33
1108.33
1108.33
559.28
559.28
559.28
559.28

1178.7
1178.7
1178.7
1178.7
1178.7
1178.7
957.7
957.7
957.7
957.7
884
884
884
663
663
663
663

32670.93

16207

Health
300
300
300
250
287.5
275
162.5
162.5
162.5
162.5
150
150
150
112.5
112.5
112.5
112.5
2962.
5

100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100

Total
Deductio
n
5495.45
5495.45
5495.45
4445.45
5357.95
4970.45
2528.53
2528.53
2528.53
2528.53
2242.33
2242.33
2242.33
1434.78
1434.78
1434.78
1434.78

18504.55
18504.55
18504.55
15554.55
18142.05
17029.55
10471.47
10471.47
10471.47
10471.47
9757.67
9757.67
9757.67
7565.22
7565.22
7565.22
7565.22

1800

53749.23

207750.77

HDM
F

Net Pay

Bicycle Products and Services

Submitted by:
Winna Ambid
Alyssa Marry Biona
Matthew Henry Murillo
Edrian Pega

Raquel Ramirez
Merife Salinas
Miriam Vihruri

FINANCIAL PROJECTIONS
Statement of Financial Position
As of January 1, 2016

ASSETS
Current Assets:
Cash on hand

3,821,655.60

Supplies

16,850.00

Prepaid Advertising

2,650.00

Inventory

681,517.40

Total Current Assets:

4,522,673.00

Non-current Assets:
Equipment

33,013.00

Furniture & Fixtures

421,775.00

Tools

22,539.00

Total Non-Current Assets:

Total Assets

477,327.00
5,000,000.00

LIABILITIES AND EQUITY

Loans Payable

3,500,000.00

Equity

1,500,000.00

Total Liabilities and Equity

5,000,000.00

Breakeven Point
per year
(365 days)
( estimatedexpenses
gross income per year )

x=

Where:
x = Number of days to breakeven
The answer will be rounded up to the nearest whole number.
Expenses per month
Income per month
Supplies Expense
16,850.0
Mountain Bikes
0
237,519.00
Equipment Expense
33,013.0
Road Bikes
0
166,638.33
Inventory
681,517.4
Hybrid Bikes
0
450,036.00
Tools
22,539.0
Bikes for Kids
0
91,674.00
Furniture and Fixtures
421,775.0
Accessories
Expense
0
13,334.40
Advertising Expense
2,650.0
Helmets
0
33,044.31
Salaries Expense
207,750.7
Basic Clothing
7
52,087.50
Utilities Expense
82,000.0
Services
0
229,226.67
Total Expense per month
1,468,095.1
Total Income per month
1,273,560.21
7
Total Income per year Total Expense per year
15,282,722.52
17,617,142.04

Expenses per year =

P 17,617,142.04
Estimated gross
income per year = P
15,282,722.52

421 days