Redwood Corporation is considering two alternative investment proposals with the following data: Proposal >X S800,000 10 years Proposal Y $487,000 10 years Investment Useful life Estimated annual net cash inflows for 10 years Residual value Depreciation method Required rate of return $140,000 $31,000 $62,000 Straight-line Straight-line 7% 11% What is the accounting rate of return for Proposal X? (Round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent. X.XX%.) A. OR C. 7.50% 17.50% 7.89% OD, 2.73%