McAfee Automobiles Manufacturing is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $ 10 comma 000 comma 000 $ 450 comma 000 Useful life 5 years 5 years Estimated annual net cash inflows for 5 years $ 2 comma 000 comma 000 $ 95 comma 000 Residual value $ 56 comma 000 $ 31 comma 000 Depreciation method Straight-line Straight-line Required rate of return 14% 14% Calculate the accounting rate of return for Proposal Y. (Round any intermediate calculations and your final answer to two decimal places.