Its not broken? it has a simple GPU Error. easy to fix PSU's are 20$ alone
not including the HDD.
Google it it is really. and the console is brand new clean inside ect.E74 is not just a simple GPU error. It was the bane of Microsoft's existence when the Xbox was released. To fix properly a reball of the chip is best with a proper reflow coming in second. I just picked up a full working jasper last night for 35 on eBay. A E74 falcon is really maybe worth $10-15. The chip inisde is probably worth more the the console. And the accessorys probably 60.
You're right. You can send it out to be professionally reflowed, but it will just break again with the terrible ROHS compliant solder... so reballing is the best option.you don't need to reball a new chip lol..