Required information [The following information applies to the questions displayed below] 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 assoclated with the games would be as follows: 2a. Compute the simple rate of return promised by the games. 2 b. If the company requires a simple rate of retum of at least 12%, will the games be purchased