8 Redwood Corporation is considering two alternative investment proposals with the following data: Investment Useful life Estimated annual net cash inflows for 10 years Residual value Depreciation method Required rate of return. 0.5 points Save Answer Proposal X $860,000 10 years Proposal Y $548,000 10 years $125,000 $20,000 $91,000 $- Straight-line Straight-line 11% 6% What is the accounting rate of return for Proposal Y? (Round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, X.XX%.) 16.61% 6.61% O 4.77% 10.00%