Harman Company is considering two alternative investment proposals with the following data: Investment Useful life Estimated annual net cash inflows for 8 years Residual value Depreciation method Required rate of return Proposal X $830,000 8 years $145,000 $29,000 Straight-line 14% Proposal Y $483,000 8 years $94,000 $ - Straight line 11% 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%.) O A. 12.5% B. 6.96% C. 19.46% D. 5.41%