Kenneth Clark owns a pet store. Kenneth wants to convert a storeroom into a space that can be leased to a pet groomer. Kenneth believes that pet owners coming to the store to have their pets groomed will shop while they wait and generate additional revenues for the store. The conversion would cost $201,600 and will have a useful life of 20 years. The space will be leased to a local pet groomer for $43,200 per year. Electricity, water and other utilities are expected to be $8,064 per year. (a) Calculate the annual operating income generated by the conversion project. (Round answers to 0 decimal places, e.g. 25,000.) Operating Income $ Save for Later Attempts: 0 of 1 used Submit