Required information [The following intormation applies to the questions displayed befow] 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 $320,000, have a fitteen year useful life, and have a total salvage value of $32,000. The company estimates annual revenues and expenses associated with the games as follows: Required: la, Compute the payback period associated with the new electronic games. 1b. Assume Nick's Novelties. Incorporated, will not purchase new games unless they provide a payback period of five years or less. Would the company purchase the new games? Complete this question by entering vour answers in the tabs below. Compute the payback period associated with the new electronic games. 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 $320.000, have a fifteen-year useful life, and have a total salvage value of $32,000. The company estimates annual revenues and expenses associated with the games as follows: Required: a. Compute the payback perlod 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. Nould the company purchase the new games? Complete this question by entering your answers in the tabs below. Assume Nick's Novelties, Incorporated, will not purchase new games unless they provide a payback period of five years or less. 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 $320.000, have a fifteen-year useful life, and have a total salvage value of $32,000. The company estimates annual revenues and expenses associated with the games as follows: 2a. Compute the simple rate of return promised by the games. 2b. If the company requires a simple rate of return of at least 14%, will the games be purchased? 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. 1,0,0,123 should be considered as 12.3% [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 $320,000, have a fifteen-year useful life, and have a total salvage value of $32,000. The company estimates annual revenues and expenses associated with the games as follows: 2a. Compute the simple rate of retum promised by the games. 2b. If the company requires a simple rate of return of at least 14%, will the games be purchased? Complete this question by entering your answers in the tabs below. Ir the company requires a simple rate of return of ot least 14%, will the games be purchased
