IThe following informauion 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 $392,000, have an eight-year useful life, and have a total salvage value of $39,200. The company estimates that annual revenues and expenses associated with the games would be as follows: $300,000 Less operating expenses: Commissions to amusement houses Insurance Depreciation Maintenance $90,000 72,000 44,100 40.000 246,100 Net operating income $ 53,900 value 2.00 points Required: 1a. Compute the pay back period associated with the new electronic games Payback Period Choose Denominator Payback Period Payback period Choose Numerator: years 1b. Assume that Nick's Novelties, Inc., will not purchase new games unless they provide a payba 0 Type here to search