1) ABC Corporation is considering two alternative investment proposals with the following data:

Proposal A Proposal B Investment $810,000 $466,000 Useful life 8 years 8 years Estimated annual net cash inflows for 8 years $130,000 $70,000 Residual value $58,000 $- Depreciation method Straight-line Straight-line Required rate of return 13% 10%

What is the accounting rate of return for Proposal A? (Round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent,X.XX%.)

Explain it with all calculation