Exercise $12-8($Static$)$ Payback Period and Simple Rate of Return $[$LO$12-1,$ L$012-6]$

$[$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 $$300,000,$ have an eight$-$year useful life, and have a total salvage value of $$20,000.$ The company estimates that annual revenues and expenses associated with the games would be as follows:

$\backslash$table$[[$Revenues$,,$$$200,000$