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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

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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 $475,000, have a fifteen year useful life, and have a total salvage value of $47,500. The company estimates that annual revenues and expenses associated with the games would be as follows: 2a. Compute the simple rate of retuin promised by the games. 2b. If the company requires a simple rate of refurn of at least 10%, will the games be purchased? Complete this question by entering your answers in the tabs below. Compute the simple rate of retum promised by the games. (Round your answer to 1 dedmal place, l.e. 0,123 should be 2a. Compute the simple rate of return promised by the games. 2b. If the company requires a simple rate of return of at least 10%, 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 10%, will the games be purchased

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