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Harman Company is considering two alternative investment proposals with the following data Investment Useful life Estimated annual net cash inflows for 7 years Residual

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Harman Company is considering two alternative investment proposals with the following data Investment Useful life Estimated annual net cash inflows for 7 years Residual value Depreciation method Required rate of retum Proposal X $870,000 Proposal Y $522.000 7 years $140.000 7 years $87,000 $54.000 Straight-line 10% Straight-ne 5% What is the accounting rate of ratum for Proposal Y? (Round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent XX0%) OA. 16.67% OB 14.29% OC. 269% OD 2.38%

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