Redwood Corporation is considering two alternative investment proposals with the following data: Proposal X $820,000 8 years Proposal Y $486,000 8 years Investment Useful life Estimated annual net cash inflows for 8 years Residual value Depreciation method Required rate of return $130,000 $26,000 Straight-line 18% $87,000 $- Straight-line 9% 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%.) O A. 3.35% O B. 3.75% O C. 15.85% OD. 5.40%