Nick's Novelties, Incorporated, is considering the purchase of new electronic games to place in its amusement houses. The garnes 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 associated with the games would be as follows: Exercise 12-8 Part 2 (Algo) 2a. Compute the simple rate of return promised by the games. 2b. If the company requires a simple rate of retum of at least 12%, will the games be purchased? Complete this question by entering your answers in the tabs below. Compute the simple rate of return promised by the games. (Round your answer to 1 decimal place. l.e. 0.123 should bo considered as 12.30.1