!The following information applies to the questions displayed below.J Nick's Novelties, Inc., ls considering the purchase of new electronic games to place In its amusement houses. The games would cost a total of $304,000, have an elght-year useful life, and have a total salvage value of $30.400. The company estimates that annual revenues and expenses assoclated with the games would be as follows: $250,000 Revenues Less operating expenses: Commissions to amusement houses $90,000 54,000 Insurance Depreciatlon 34,200 30,000 208.200 Maintenance 41,800 Net operating Income Value: 10.00 points Required la. Compute the pay back period associated with the new electronic games Payback Period Choose Numerator: Choose Denominator: Payback Period Payback period years lb. Assume that Nick's Novelties, Inc., will not purchase new games unless they provide a payback period of 13 years or less. Would the company purchase the new games? Yes No