Redwood Corporation is considering two alternative investment proposals with the following data Proposal X $900,000 9 years ProposalY $488,000 9 years Investment Useful life Estimated annual net cash inflows for 9 years Residual value Depreciation method Required rate of return $130,000 $42,000 $84,000 Straiaht line Straight - line 12% 15% What is the accounting rate of return for Proposal Y? (Round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, X.XX%.) OA 6.10% B. 17.21% O C. 11.11% OD. 4.06%