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ABC Corporation is considering two alternative investment proposals with the following data Proposal B $489,000 Investment Useful life Estimated annual net cash inflows for

 

ABC Corporation is considering two alternative investment proposals with the following data Proposal B $489,000 Investment Useful life Estimated annual net cash inflows for 8 years Residual value Depreciation method Required rate of retur Proposal A $810,000 8 years $150,000 $19,000 Straight-line 12% 8 years $96,000 Straight-line 11% What is the accounting rate of return for Proposal B? (Round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, XXX%)

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