2) Newman Automobiles Manufacturing is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $10,000,000 $500,000 Useful life 5 years 5 years Estimated annual net cash inflows for 5 years $2,000,000 $95.000 Residual value $50,000 $20,000 Depreciation method Straight-line Straight-ling Required rate of return 129 10% Calculate accounting rate of return for Proposal Y