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Hello can you help me with this question please! Done Mc Grav Done $2s, oe $80, o Ch. 12 Homework O a ezto.mheducation.com Saved He(p
Hello can you help me with this question please!
Done $2s, oe $80, o Ch. 12 Homework O a ezto.mheducation.com Saved He(p Exercise 12-8 Payback Period and Simple Rate of Return [L012-1, L012-6] (The following information appj/es 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 $365,000, have a 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: save & Exit Submit Check my work 15 points eBook References Graw Revenues Less operating expenses: C0Missions to amusement houses Insurance Depreciation Maintenance Net operating income Exercise 12-8 Part 1 Required: 67 , o 21,ge 3,e 198,900 $ 51,100 lap Compute the payback period associated with the new electronic games. 1b, Assume that Nick's Novelties, Inc., will not purchase new games unless they provide a payback perlod of five years or fess. Would the company purchase the new games? Complete this question by entering your answers in the tabs below. Req IA Req 1B Compute the payback period associated with the new electronic games. years < Prev Score answer >
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