Celebration Greeting Cards Incorporated is starting a new business venture and are in the process of evaluating its product lines. Information for one new product, traditional parchment grade cards, is as follows: Sixteen times each year, a new card design will be put into production. Each new design will require $$600$ in setup costs. The parchment grade card product line incurred $$75,000$ in development costs and is expected to be produced over the next four years. Direct costs of producing the designs average $$0\mathrm{.}50$ each. Indirect manufacturing costs are estimated at $$50,000$ per year. Customer service expenses average $$0\mathrm{.}10$ per card. Current sales are expected to be $2,500$ units of each card design. Each card sells for $$3\mathrm{.}50.$ Sales units equal production units each year. Required

$1.$ What are the estimated life$-$cycle revenues?

$2.$ What is the estimated life$-$cycle operating income if the product life cycle is one year?

$3.$ What is the estimated life$-$cycle operating income per year for the years after the first year if all of the development costs are charged to the first year?

$4.$ What is the total estimated life$-$cycle operating income?