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what is the payback period for the previpus assignment that i posted. i posted...

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Accounting

what is the payback period for the previpus assignment that i posted.
i posted the problem in my previous post. these 2 questions are related.
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 $475,000, have a fifteen-year useful life, and have a total salvage value of $47,500. The company estimates that annual revenues and expenses associated with the games would be as follows: Revenues $240,000
Less operating expenses:
Commissions to amusement houses: $70,000
Insurance = $45,000
Depreciation = $28,000
Maintenance = $30,000
Net operating income ($ 240,000 173,500)= $ 66,500

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