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 a fifteen-year useful life, and have a total salvage value of $30,000. The company estimates that annual revenues and expenses assoclated with the games would be as follows: Exercise 12-8 Part 2 (Algo) Compute the simple rate of return promised by the games. b. If the company requires a simple rate of return of at least 11%, will the games be purchased