4 Required Information Part 2 of 2 The following Information applies to the questions displayed below.] 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 $325,000, have a fifteen-year useful life, and have a total salvage value of $32,500. The 5 points company estimates that annual revenues and expenses associated with the games would be as follows: Revenues $ 220, 080 Less operating expenses: Commissions to amusement houses $ 60, 906 eBook Insurance 55, 060 Depreciation 19, 560 Maintenance 40, 009 174, 500 Net operating income $ 45, 500 Hint Ask 2a. Compute the simple rate of return promised by the games. 2b. If the company requires a simple rate of return of at least 15%, will the games be purchased? Print Complete this question by entering your answers in the tabs below. n References Req 2A Req 28 Compute the simple rate of return promised by the games. (Round your answer to 1 decimal place. i.e. 0.123 should be considered as 12.3%.) Simple rate of return