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[The following information applies to the questions displayed below. Nick's Novelties, Inc., is considering the...

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Accounting

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[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 $332,000, have an eight-year useful life, and have a total salvage value of $33,200. The company e as follows: s that annual revenues and expenses associated with the games would be Revenues $280,000 Less operating expenses: $80,000 Commissions to amusement houses Insurance 57,000 37,350 60,000 234,350 Maintenance Net operating income 45,650 value: 5.00 points Required: back period asociatetwith ho new elestovi ans Payback Period Choose Numerator: Choose Denominator: Payback Period Payback period = years

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