Exercise 9-17 Danny Bostic is evaluating a new ticketing system for his theater. The system will cost $245,160 and will save the theater $57,690 in annual cash operating costs. Danny expects the new system to last 8 years, at which time the system will have a salvage value of $21,000. If Danny 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. (Round answer to 2 decimal places, e.g. 5.25%.) Accounting rate of return % (b) Danny Bostic wants to earn a minimum accounting rate of return of 12% on his projects. Should he invest in the new equipment? Danny Bosti v invest in the new equipment. should not should Click if you how Work for this question: Open Show Work