Chris Anderson is evaluating a new ticketing system for his theater. The system will cost $296,970 and will save the theater $58,627 in annual cash operating costs. Chris expects the new system to last 9 years, at which time the system will have a salvage value of $24,000. If Chris purchases the new system, he will be able to sell his existing system for $14,000, (a) Calculate the accounting rate of return for the proposed ticketing system. Accounting rate of return 17.63% (b) Chris Anderson wants to earn a minimum accounting rat of return of 9% on his projects. Should he invest in the new equipment? Chris Anderson should invest in the new equipment