Proposal X Proposal Y Investment $10,600,000 $450,000 Useful life 5 years 5 years Estimated annual net cash inflows for 5 years $2,120,000 $95,000 Residual value $53,000 $30,000 Depreciation method Straight-line Straight-line Required rate of return 12% 11% Calculate the accounting rate of return for Proposal Y. (Round any intermediate calculations and your final answer to two decimal places.) O A. 9.68% OB. 14.04% O C. 11.59% OD. 4.58% Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a 10% return on the company's $50,000,000 of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $32,000,000 for the season. About 600,000 rounds of golf are expected to be played each year. Variable costs are about $15 per round of golf. Rolling Hills Golf Course has a favorable reputation in the area and, therefore, has some control over the sales price of a round of golf. Using a cost-plus pricing approach, what sales price should Rolling Hills charge for a round of golf to achieve the desired profit? O A. $77 OB. $38 O C. $68 OD. $53