29 point Required information The following information applies to the questions displayed below) Nick's Novelties, Inc. is considering the purchase of new electronic games to place in its amusement houses. The games would cost a total of $350,000, have a fifteen year useful life, and have a total salvage value of $25,000 The company estimates that annual revenues and expenses associated with the games would be as follows $220,000 int Revues Les operating expenses Comissions to amusement houses Insurance Depreciation Maintenance Het operating in 110,000 20.000 21,000 40.000 171,000 $40,000 Required: ta Compute the payback period associated with the new electronic games 16. Assume that Nick's Novelties, Inc. 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 13 Compute the payback period auteciated with the new electronic games, del Years Reg 10 >