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Harman Company is considering two alternative investment proposals with the following data: Proposal Proposal Y Investment $850,000 5531,000 Useful life 7 years 7 years Estimated

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Harman Company is considering two alternative investment proposals with the following data: Proposal Proposal Y Investment $850,000 5531,000 Useful life 7 years 7 years Estimated annual net cash inflows for 7 years $140,000 582,000 Residual value $13,000 Depreciation method Straight-line Straight - line Required rate of return 15% 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 hun $ A. 14 29% B. 1.16% C. 15.44% OD. 2.4% alternative investment proposals with the following data: Proposal $850,000 7 years for 7 years $140,000 $13,000 Straight-line 15% Proposal Y $531,000 7 years $82,000 $- Straight-line 11% m for Proposal Y? (Round any intermediary calculations to the nearest doilar, and round your final answer to the nearest hundredth of a percent. XXX%)

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