Required information Exercise 14-8 (Algo) Payback Period and Simple Rate of Return [LO14-1, LO14-6] [The following information applies to the questions displayed below] Nick's Novelties, Incorporated, 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 fifteen-year useful life, and have a total salvage value of $30,000 The company estimates that annual revenues and expenses associated with tha games would be as follows: Exercise 14-8 Part 2 (Algo) 2a. Compute the simple rate of return promised by the games. 2b. If the company requires a simple rate of return of at least 11h, will the games be purchased