Question: Daniel Jackson is evaluating a new ticketing system for his theater. The system will cost $295,200 and will save the theater $56,896 in annual cash

Daniel Jackson is evaluating a new ticketing system for his theater. The system will cost $295,200 and will save the theater $56,896 in annual cash operating costs. Daniel expects the new system to last 8 years, at which time the system will have a salvage value of $20,000. If Daniel 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.

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