Warren Company plans to open a new repair service center for one of its electronic products $.$ The center requires an investment in depreciable assets costing $$480,000.$ The assets will be depreciated on a straight$-$line basis $,$ over four years, and have no expected salvage value $.$ The annual income statement for the center is given below. Revenues $ $360,000$ Less : Cash operating expenses $(150,000)$ Depreciation $(120,000)$ Income before income taxes $$90,000$ Less : Income taxes $($@$40\%)36,000$ Net income $$54,000$ Required :