Payback Period and Simple Rate of Return [LO 8-1, LO 8-6 EXERCISE 8 Nick's Novelties, Inc., is considering the purchase of new electronic games to place in its amuse- ment houses. The games would cost a total of $300,000, have an eight-year useful life, and have a otal salvage value of $20,000. The company estimates that annual revenues and expenses associ- ated with the games would be as follows: https://ms.grantham.edu/webapps/blackboard/contenth