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Listed below are the three functions of the management of an organization

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Listed below are the three functions of the management of an organization. 
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Nick, Novelties, Inc., is considering the purchase of new electronic games. place in itr amusement houses. The games would cost a total of $300,000, have a fifteen-year useful life, and have a to.I salvage value of $30,000. The company estimaWs that annual revenues a. expenses associaWd with the games would be as follows: 
8200,000 
00,1Mo 30, 000 143,000 
8 53,00o 
Required: la. Compute the payback period associaWd with the new electronic games. lb. Assume that Nick's Novelties, Inc., will not purchase new games unless they provide a payback period of five years or less. Would the company purchase the new games, 
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Compute the payback period associated with the new el.ronlc games.