Steps for

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Required information

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Nick's Novelties, Incorporated, is considering the purchase of new electronic games to place in its amusement houses. The games would cost a total of $$300,000,$ have an eight$-$year useful life, and have a total salvage value of $$20,000.$ The company estimates annual revenues and expenses associated with the games as follows:

Revenues

$ $200,000$

Less operating expenses:

Commissions to amusement houses

$\backslash$table$[[$$$100,000,],[7,000,],[35,000,],[18,000,160,000],[,$$$40,000$