16. (1 point) Tamarisk Cellular provides cell phones and 1 year of cell service to students for an upfront, nonrefundable fee of $306 and a usage fee of $12 per month. Students may renew the service for each year they are on campus (on average, students renew their service one time, thus the average contract period is 2 years). What amount of revenue should Tamarisk Cellular recognize in the first year of the contract