Required Information [The following information applles 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 $175,000, have a fifteen-year useful life, and have a total salvage value of $17,500. The company estimates annual revenues and expenses assoclated with the games as follows: Required: a. Compute the payback period associated with the new electronic games. b. Assume Nick's Novelties, Incorporated, will not purchase new games unless they provide a payback period of five years or less. Vould the company purchase the new games? Complete this question by entering your answers in the tabs below. Compute the payback period associated with the new electronic games. [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 $175,000, have a fifteen-year useful life, and have a total salvage value of $17,500. The company estimates annual revenues and expenses assoclated with the games as follows: 2a. Compute the simple rate of return promised by the games. 2 b. If the company requires a simple rate of return of at least 11%, will the games be purchased? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. If the company requires a simple rate of return of at least 11%, will the games be purchased