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0 Required information [The folio wing 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 fteen-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: Revenues $200,000 Less operating expenses: Com-missions to amusement houses $60,000 Insurance 30,000 Depreciation 18 , i100 Maintenance 35.000 143,000 Net operating income 5 57.000 2a; Compute the simple rate of return promised by the games. 2b. If the company requires a simple rate of return of at least 11%. will the games be purchased? Complete this question hr enterlng your answers In the tabs below. Compute the simple rate of retum promised by the games. {Round your answer to 1 decimal place. Le. 0.123 should be considered as 12.3%.)