2 Required information Par The following information applies to the questions displayed below) points lock Pri 10 10 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 $300,000, have a fifteen-year useful life, and have a total salvage value of $45,000. The company estimates that annual revenues and expenses associated with the games would be as follows: Revenues Less operating expenses $200,000 Commissions to amusement houses Insurance $ 60,000 40,000 Depreciation 17,000 Maintenance 50,000 Net operating income 167,000 $ 33,000 Required ta. Compute the payback period associated with the new electronic games. to. Assume that Nick's Novelties, Incorporated, will not purchase new games unless they provide a payback period of five years or less Would the company purchase the new games? Complete this question by entering your answers in the tabs below. Reg A 10 Compute the payback period associated with the new electronic games Pack Parod Yours 31 Reg 10 > Check my work