Ch9 Payback&ARR X n NWP Assessment Player UI A; X n Course Hero X l u Homework Help - Q&A from Oi X I + v _ / 9 'E 3 View Policies Current Attempt in Progress Donald Martin is evaluating a new ticketing system for his theater. The system will cost $273,600 and will save the theater $54,884 in annual cash operating costs. Donald expects the new system to last 8 years, at which time the system will have a salvage value of $20,000. If Donald purchases the new system, he will be able to sell his existing system for $16,000. (a) Calculate the accounting rate of return for the proposed ticketing system. Accounting rate of return % (b) Donald Martin wants to earn a minimum accounting rate of return of 8% on his projects. Should he invest in the new equipment? Donald Martin v invest in the new equipment. eTextbook and Media Save for Later Attempts: 0 of 3 used