Hayden Corporation 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 $860,000 Proposal Y $510,000 8 years 8 years $130,000 $68,000 $42,000 Straight-line Straight-line 13% 13% What is the accounting rate of return for Proposal X? (Round any intermediary calculations to the nearest dollar, and rour your final answer to the nearest hundredth of a percent, X.XX%.) 15.12% 1.57% 2.62% 3.23%