The following Information apples to the questions displayed below.J 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 $392,000, have an elght-year useful life, and have a total salvage value of $39,200. The company estimates that annual revenues and expenses assoclated with the games would be as follows: Revenues $270,000 Less operating expenses: Commisslons to amusement houses $60,000 Insurance Depreclation Malntenance 52,000 44,100 60,000 216,100 Net operating Income $ 53,900 Required a. Compute the pay back period associated with the new electronic games ayback Perio Choose Denominator: / Annual net cash inflow Payback Period Payback period Choose Numerator: = nvestment required = 0 years b. Compute the simple rate of return promised by the games. (Round your answer to 1 decimal place. ie, 0.123 should be considered as 12.3%.) Simple rate of returrn