Newman Automobiles Manufacturing is considering two alternative investment proposals with the following data: Investment Useful life Estimated annual net cash inflows for 5 years Residual value Depreciation method Required rate of return Proposal X Proposal Y $11,100,000 $440,000 5 years 5 years $2,220,000 $101,000 $56,000 $35,000 Straight-line Straight-line 12% 14% Calculate accounting rate of return for Proposal Y. A. 18.76% B. 12.12% O C. 15.05% O D. 8.42% Click to select your