Redwood Corporation is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $360,000 $510,000 Useful life B years 8 years Estimated annual not 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% What is the accounting rate of return for Proposal X? O A 2.62% B. 15.12% OC 1.57% D. 3.23%