[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 $240,000, have an elght-year useful life, and have a total salvage value of $24,000. The company estimates that annual revenues and expenses associated with the games would be as follows: Revenues $250,000 Less operating expenses: Commissions to amusement houses Insurance Depreclation Maintenance $90,000 30,000 27000 70,000 217,000 Net operating income s 33,000 value 2.00 points Required: 1a. Compute the pay back period associated with the new electronic games Payback Period Choose Numerator: Choose Denominator:Payback Period Payback period years