Redwood Corporation is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $860,000 $510,000 Useful life 8 years 8 years Estimated annual net cash inflows for 8 years $130,000 $68,000 Residual value $42,000 Depreciation method Straight-line Straight-line Required rate of return 13% 13% S- What is the accounting rate of return for Proposal X? O A. 1.57% O B. 2.62% O C. 15.12% OD. 3.23%