Michael Jones is evaluating a new ticketing system for his theater. The system will cost $333,400 and will save the theater $57,654 in annual cash operating costs. Michael expects the new system to last 8 years, at which time the system will have a salvage value of $25,000. If Michael purchases the new system, he will be able to sell his existing system for $15,000. (a) Calculate the accounting rate of return for the proposed ticketing system. Accounting rate of return % (b) Michael Jones wants to earn a minimum accounting rate of return of 5% on his projects. Should he invest in the new equipment? Michael Jones invest in the new equipment