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Required information [ The following information applies to the questions displayed below. ] Nick's Novelties, Incorporated, is considering the purchase of new electronic games to

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[The following information applies to the questions displayed below.]
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 $385,000, have a fifteen-year useful life, and have a total salvage value of $38,500. The company estimates that annual revenues and expenses associated with the games would be as follows:
\table[[Revenues,,$280,000
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