Credit screening. Tennindo, Inc. is starting up its new, cost-efficient gaming system console, the yuu. Tennindo currently has 5,000 cash-paying customers and makes a profit of $60 per unit. Tennindo wants to expand its customer base by allowing customers to buy on credit. It estimates that credit sales will bring in an additional 1,100 customers per year, but that there will also be a default rate on credit sales of 5%. It costs $260 to make a yuu, which retails for $320. Screendoor, inc is a credit-screening consulting firm. Screendoor advises Tennindo, inc that it can offer a credit screening device that is 92% accurate adn costs $6 per customer to apply. Determine whether tennindo should use screendoor's credit-screening system.

1. what is tennindo's profit by adding credit sales for customers without using screendoor's credit-screening system? (nearest dollar)

2. what is tennindo's profit by adding credit sales for customers with using screendoor's credit-screening system? (nearest dollar)

3. should Tennindo use screendoor's credit screening system? 2 options below

No, tennindo should not use screendoor's system because the credit screening will decrease the firm's profit.

yes, tennindo should use screendoor's system because the credit screening will increase the firm's profit.

Please show steps/work with formulas or Excel