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 $350,000, have a fifteen-year useful life, and have a total salvage value of $35,000, The company estimates annual revenues and expenses associoted with the games as follows: 20. Compute the simple rate of return promised by the games. 2b. If the company requires a simple rate of return of at least 12%, will the games be purchosed? Complete this question by entering your answers in the tabs below. Compute the simple rate of return promised by the games. Note: Round your answer to 1 decimal place. T.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 12%, will the games be purchased? Complete this question by entering your answers in the tabs below. If the company requities a simple rate of return of at least 12%, will the games be purchased