Your answer is partially correct. Try again. Danny Bostic is evaluating a new ticketing system...
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Accounting
Your answer is partially correct. Try again. Danny Bostic is evaluating a new ticketing system for his theater. The system will cost $315,290 and will save the theater $57,740 in annual cash operating costs. Danny expects the new system to last 9 years, at which time the system will have a salvage value of $20,000. If Danny 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. (Hound answer to 2 decimal places . 5.25 ) Accounting rate of return (b) Danny Bostic wants to earn a minimum accounting rate of return of 7% on Nis projects. Should he invest in the new equipment? Danny Bostic should invest in the new equipment
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