The co$-$op would like to build an aquaponic system to increase their

production of greens and also start producing tilapia. The new system

would cost $$39,800$ to purchase and construct. The co$-$op projects that

it will yield $$420$ of tilapia and $$990$ of leafy greens every week.

Operating expenses are expected to increase by $$38,000$ annually due

to fish nutrients, utilities, maintenance, and additional labor. Suppose

that the workers wanted to evaluate this investment over a five$-$year

period of time before committing. They expect that the components

could be sold for $$8,600$ after five years of use. Taxes are expected to

stay at $30\%$ for the nexis six years. The IRS will allow the co$-$op to

depreciate the system using straight line over $15$ years. Assume that the

terminal value of this investment is $$8,600$ at the end of five years. The

co$-$op requires an $14\%$ return to capital $($pretax$).$

$($i$)$ Calculate the annual operating receipts