[The following information applies to the questions displayed below.] Vancouver Shakespearean Theater's board of directors is considering the replacement of the theater's Iighting system. The old system requires two people to operate it, but the new system would require only a single operator. The new IIghting system will cost $85,200 and save the theater $18,000 annually for the next eight years. Use Appendix A for your reference. Note: Use approprlate factor(s) from the tables provided. uppose the Vancouver Shakespearean Theater's board is uncertain about the cost savings with the new lighting system. equired: low low could the new lighting system's annual savings be and still justify acceptance of the proposal by the board of irectors? Assume the theater's hurdle rate is 12 percent. lote: Round final answer to 2 decimal places