rt 2 of 2 nts eBook Hint Required information [The following information applies to the questions...

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rt 2 of 2 nts eBook Hint Required information [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 $365,000, have a fifteen-year useful life, and have a total salvage value of $36,500. The company estimates that annual revenues and expenses associated with the games would be as follows: Revenues Less operating expenses: Commissions to amusement houses Insurance Depreciation Maintenance Net operating income $ 250,000 $ 80,000 67,000 21,900 30,000 198,900 $ 51,100 2a. Compute the simple rate of return promised by the games. Print 2b. If the company requires a simple rate of return of at least 16%, will the games be purchased? eferences Complete this question by entering your answers in the tabs below. Req 2A Req 2B Compute the simple rate of return promised by the games. (Round your answer to 1 decimal place. i.e. 0.123 should be considered as 12.3%.) Simple rate of return % < Req 2A Req 2B > rt 2 of 2 nts eBook Hint Required information [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 $365,000, have a fifteen-year useful life, and have a total salvage value of $36,500. The company estimates that annual revenues and expenses associated with the games would be as follows: Revenues Less operating expenses: Commissions to amusement houses Insurance Depreciation Maintenance Net operating income $ 250,000 $ 80,000 67,000 21,900 30,000 198,900 $ 51,100 2a. Compute the simple rate of return promised by the games. Print 2b. If the company requires a simple rate of return of at least 16%, will the games be purchased? eferences Complete this question by entering your answers in the tabs below. Req 2A Req 2B Compute the simple rate of return promised by the games. (Round your answer to 1 decimal place. i.e. 0.123 should be considered as 12.3%.) Simple rate of return % < Req 2A Req 2B >