Requlred Information [The following information 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 $304,000, have a fiteen-year useful life, and have a total salvage value of $30,400 The company estumates that annual revenues and expenses associated with the games would be 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 12%, 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. (Round your answer to 1 decimal place. 1.e. 0.123 should be considered as 12.34