Famed gamer Tyler Ninja' Blevins is considering whether to replace his aging game console or to spend money on updating it. The replacement console would cost $7,500 now and would need software updates of $1,000 to be paid at the end of every year for 10 years. At the end of 10 years, the replacement console can be salvaged for $2,300. The existing game console needs increasing amounts of software updates each year, and its salvage value is falling, as shown below. Year Maintenance Salvage Now $0 $2,500 1 $1,600 $1,300 (The existing console can be sold for $2,500 now. If it is sold in 1 year, the price will be $1,300. If the existing console is used between t = 0 and t = 1, a software update costing $1,600 must be paid at t=1.) Tyler Blevins faces an opportunity cost of capital of 18%. more than operating Expressed in Year 1 dollars, operating the old game console from t = 0 to t =1 would cost Tyler Blevins the new game console from t = 0 to t = 1. O $367 O $679 $149 O $1,256 O $910 Famed gamer Tyler Ninja' Blevins is considering whether to replace his aging game console or to spend money on updating it. The replacement console would cost $7,500 now and would need software updates of $1,000 to be paid at the end of every year for 10 years. At the end of 10 years, the replacement console can be salvaged for $2,300. The existing game console needs increasing amounts of software updates each year, and its salvage value is falling, as shown below. Year Maintenance Salvage Now $0 $2,500 1 $1,600 $1,300 (The existing console can be sold for $2,500 now. If it is sold in 1 year, the price will be $1,300. If the existing console is used between t = 0 and t = 1, a software update costing $1,600 must be paid at t=1.) Tyler Blevins faces an opportunity cost of capital of 18%. more than operating Expressed in Year 1 dollars, operating the old game console from t = 0 to t =1 would cost Tyler Blevins the new game console from t = 0 to t = 1. O $367 O $679 $149 O $1,256 O $910