Exercise 9-17 Danny Bostic is evaluating a new ticketing system for his theater. The system will cost $311,100 and will save the theater $57,880 in annual cash operating costs. Danny expects the new system to last 10 years, at which time the system will have a salvage value of $24,000. If Danny 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. (Round answer to 2 decimal places, eg. 5.25%.) Accounting rate of return (b) Danny Bostic wants to earn a minimum accounting rate of return of 9% on his projects. Should he invest in the new equipment? invest in the new equipment. Danny Bostic Click if you would like to Show Work for this question: Open Show Work