Juniper Corporation is considering two alternative investment proposals with the following data: Proposal X Investment $870,000 Useful life 8 years Proposal Y 3544,000 8 years Estimated annual net cash inflows for 8 years Residual value Depreciation method Required rate of return $150.000 $32,000 Straight-line 17% $87,000 $- Straight-line 8% Straight . 17% Staigne 8% Required rate of retum What is the accounting rate of return for Proposal X? (Round any Whermediary calculations to the nearest dollar and round your final answer to the nearest hundroth of a percent XXX%) A 4.74%