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(22 points) McAfee Automobiles Manufacturing is considering two alternative investment proposals with the following data: Proposal X 11,300,000 5 years 52,260,000 59,000 Straight-line 13% $450,000

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(22 points) McAfee Automobiles Manufacturing is considering two alternative investment proposals with the following data: Proposal X 11,300,000 5 years 52,260,000 59,000 Straight-line 13% $450,000 years 96,000 Useful life Estimated annual net cash inflows for 5 years Residual value Depreciation method Required rate of returrm Straight-line 10% Calculate the accounting rate of return for Proposal Y. Round any intermediate calculations and your final answer to two decimal places.) Select one a 10.00% b. 14.72% C. 10.56% d. 5.29%

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