Please see attached documents, they have the questions. Please let me know when you are finished

[The following information applies to the questions displayed below.] Nick's Novelties, Inc., is considering the purchase of new electronic games to place in its amusement houses. The games would cost a total of $380,000, have an fifteen-year useful life, and have a total salvage value of $38,000. The company estimates that annual revenues and expenses associated with the games would be as follows: Reven ues Less operatin g expense s: Com missions to amusem ent houses Insur ance Depr eciation Main tenance $ 300,000 $ 60,000 65,000 22,800 80,000 Net operatin g income 227,800 $ 72,200 Required: 1a. Compute the pay back period associated with the new electronic games. Choose Numerator: / Choose Denominator = Payback period The one is either, annual net cash inflow, outflow, or investment required/one of those as well ?/?=Payback Period (this one is the actual numbers). ?/?=Payback period in years 1b. Assume that Nick's Novelties, Inc., will not purchase new games unless they provide a payback period of five years or less. Would the company purchase the new games? Yes No 2a. Compute the simple rate of return promised by the games. (Round your answer to 1 decimal place. i.e. 0.123 should be considered as 12.3%.) 2b. If the company requires a simple rate of return of at least 12%, will the games be purchased? Yes No Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $102,990, including freight and installation. Henrie's has estimated that the new machine would increase the company's cash inflows, net of expenses, by $30,000 per year. The machine would have a fiveyear useful life and no salvage value. Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table. Required: 1. Compute the machine's internal rate of return to the nearest whole percent. The first in wants what the formula is, not the numbers Second it wants the numbers, exactly like the question in 1a. above. It also wants number of years and internal rate of return 2. Compute the machine's net present value. Use a discount rate of 14%. (Any cash outflows should be indicated by a minus sign. Round discount factor(s) to 3 decimal places.) Now 1 2 3 4 5 Purchase of machine ? ? ? ? ? ? Annual cash inflows ? ? ? ? ? ? Total cash flows Discount factor (14%) ? ? ? ? ? ? Present Value NVP Suppose that the new machine would increase the company's annual cash inflows, net of expenses, by only $24,450 per year. Under these conditions, compute the internal rate of return to the nearest whole percent. The first in wants what the formula is, not the numbers Second it wants the numbers, exactly like the question in 1a. above. It also wants number of years and internal rate of return