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 an eight-year useful life, and have a total salvage value of 30,000 The company estimates that annual revenues and expenses associated with the games would be as follows s 41250 2.00 points Required: a Compute the pay back period associated with the new b Assume that Nick's Novelties, Inc., will not purchase new games unless they provide a payback period of 6 years or less. Would the company purchase the new games? 2.00 points Compute the simple rate of return promised by the games. Round your answer to 1 decimal place. Le. 0.123 should be considered as 12.3%) If the company requires a simple rate of return of at least 11%, will the games be purchased