Seved Help Save & Exit Submit Check my work Required Information The following Information applies to the questions displayed below.) Nick's Novelties, Inc., is considering the purchase of new electronic games to place in its amusement houses. The games would cost a total of $300,000, have a fifteen-year useful life, and have a total salvage value of $45,000. The company estimates that annual revenues and expenses associated with the games would be as follows: $200,000 Revenues Less operating expenses Commissions to amusement houses Insurance Depreciation Maintenance Net operating Incone $60,000 40,000 17,000 50,000 167,000 5. 33,000 Required: 18. Compute the payback period associated with the new electronic games. to. Assume that NICK's Novelties, Inc. will not purchase new games unless they provide a payback period of five years or Suomi Check my work Net operating income > 33,00 Required: 1a. Compute the payback period associated with the new electronic games 1b. Assume that Nick's Novelties, Inc. will not purchase new games unless they provide a payback period of five years on less. Would the company purchase the new games? Complete this question by entering your answers in the tabs below. Reg 1A Reg 13 Compute the payback period associated with the new electronic games. Payback Period Years Reg 10 > Check my word Net operating income $ 33,00 Required: 1a. Compute the payback period associated with the new electronic games. 16. Assume that Nick's Novelties, Inc., 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 your answers in the tabs below. Req1A Req 18 Assume that Nick's Novelties, Inc. will not purchase new games unless they provide a payback period of five years or less Would the company purchase the new games? ONO Yes