On October $1,$ White Way Stores Inc. is considering leasing a building and purchasing the necessary equipment to operate a retail store. Alternatively, the company could use the funds to invest in $$180,000$ of $6\%$ U$.$S$.$ Treasury bonds that mature in $16$ years. The bonds could be purchased at face value. The following data have been assembled:

Cost of Store equipment $$180,000$

Life of store equipment $16$ years

Estimated residual value of store equipment $$15,000$

Yearly cost to operate the store, excluding

depreciation of store equipment $$58,000$

Yearly expected revenues $------$years $1$ to $8$ $$85,000$

Yearty expected revenues $------$years $9$ to $16$ $$73,000$

Determine:

$1.$ Prepare a differential analysis as of October $1$ presenting the proposed operation of the store for the $16$ years $($Alternative $1)$as compared with investing in U$.$S$.$ Treasury bonds $($Alternative $2).$

$2.$ Based on the results disclosed by the differential analysis, should the proposal be accepted?

$3.$ If the proposal is accepted, what would be the total estimated income from operations of the store for the $16$ years?