Required: 1a. Compute the pay back period associated with the new electronic games. Payback Period 1 Choose Denominator: Choose Numerator: Payback Period Payback period years 1b. Assume that Nick's Novelties, Inc., will not purchase new games unless they provide a payback period of 9 years or less. Would the company purchase the new games? Yes No References eBook & Resources Worksheet Learning Objective: 11-01 Determine the payback period for an investment. Difficulty: 1 Easy Learning Objective: 11-04 Compute the simple rate of return for an investment. Check my work value: 10.00 points 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%.) Simple rate of return 2b. If the company requires a simple rate of return of at least 11%, will the games be purchased? O No O Yes Required: 1a. Compute the pay back period associated with the new electronic games. Payback Period 1 Choose Denominator: Choose Numerator: Payback Period Payback period years 1b. Assume that Nick's Novelties, Inc., will not purchase new games unless they provide a payback period of 9 years or less. Would the company purchase the new games? Yes No References eBook & Resources Worksheet Learning Objective: 11-01 Determine the payback period for an investment. Difficulty: 1 Easy Learning Objective: 11-04 Compute the simple rate of return for an investment. Check my work value: 10.00 points 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%.) Simple rate of return 2b. If the company requires a simple rate of return of at least 11%, will the games be purchased? O No O Yes