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Compute the simple rate of return promised by the games. Nick's Novelties, Inc, is considering the purchase of new electronic games to place in its

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Compute the simple rate of return promised by the games. 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 $365,000. Have an fifteen-year useful life, and have a total salvage value of $36, 500. The company estimates that annual revenues and expenses associated with the games would be as follows: Compute the pay back period associated with the new electronic games

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