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 an eight-year useful life, and have a total salvage value of $20,000. The company estimates that annual revenues and expenses associated with the games would be as follows: Required: 1a. Compute the payback period associated with the new electronic games. tb. Assume that Nick's Noveltes, Incorporated, will not purchase new games unless they provide a payback period of five years or. less. Would the company purchase the new games