7 Required Information Exercise Part 2 of 2 13-8 Payback Period and Simple Rate of...
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7 Required Information Exercise Part 2 of 2 13-8 Payback Period and Simple Rate of Return [L013-1, LO13-6 [The folowing information apples to the questions displayed below] 166 points houses. The games would cost a total of $432,000, have a fifteen-year useful life, and have a total salvage value of would be as follows The company estimates that annual revenues and expenses associated with the games $230,000 Comminsions to amusement $70,000 houses Insurance 56,000 25,920 50,000 201,920 ation set operating income s 28,080 Reference promised by the games 2b. If the company requires a simple fate of return of at least 8%, will the games be purchased? Req 2A Req 28 Compute the simple rate of return promised by the games. (Round your answer to 1 Req 2B
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