Calculate the accounting rate of return for Proposal Y. (Round any intermediate calculations and your final answer to two decimal places.)

McAfee Automobiles Manufacturing is considering two alternative investment proposals with the following data: Proposal X $10,300,000 5 years Proposal Y $410,000 5 years Investment Useful life Estimated annual net cash inflows for 5 years Residual value Depreciation method Required rate of return $100,000 $29,000 Straight- line 13% $2,060,000 $56,000 Straight - line 14% OA. B. C. OD. 10.84% 22.68% 14.19% 13.76%