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 $392,000, have a fifteen-year useful life, and have a total salvage value of $39,200. The company estimates that annual revenues and expenses associated with the games would be as follows: zquired: Compute the payback period associated with the new electronic games. Assume that Nick's Novelties, Incorporated, will not purchase new games unless they provide a payback period of five years or is. Would the company purchase the new games? 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 $392,000, have a fifteen-year useful life, and have a total salvage value of $39,200. The company estimates that annual revenues and expenses associated with the games would be as follows: zquired: Compute the payback period associated with the new electronic games. Assume that Nick's Novelties, Incorporated, will not purchase new games unless they provide a payback period of five years or is. Would the company purchase the new games