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 $592,000, have a fifteen-year useful life, and have a total salvage value of $59,200. The company estimates that annual revenues and expenses associated with the games would be as follows: Revenues $ 300,000 Less operating expenses: Commissions to amusement houses $ 70, 000 Insurance 66, 900 Depreciation 35, 520 Maintenance 90, 000 261, 520 Net operating income $ 38, 480 quired: Compute the payback period associated with the new electronic games. Assume that Nick's Novelties, Incorporated, will not purchase new games unless they provide a payback period of five years s. Would the company purchase the new games? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Compute the payback period associated with the new electronic games