Required information Exercise 12-8 Payback Period and Simple Rate of Return [LO12-1, LO12-6] [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 $432,000, have a fiftoen-year useful life, and have a total salvage value of $43,200. The company estimates that annual revenues and expenses associated with the games would be as follows: 2a. Compute the simple rate of return promised by the games. 2b. If the company requires a simple rate of return of at least 8%, 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. I,e. 0.123 should be considered as 12.3%.) 2a. Compute the simple rate of return promised by the games. 2b. If the company requires a simple rate of return of at least 8%, will the games be purchased? Complete this question by entering your answers in the tabs below. If the company requires a simple rate of return of at least 8%, will the games be purchased