Redwood Corporation is considering two alternative investment proposals with the following data: Proposal Proposal Y Investment $890,000 $519,000 Useful life 9 years 9 years Estimated annual net cash inflows for 9 years $150,000 $61,000 Residual value $40,000 $- Depreciation method Straight-line Straight-line Required rate of return 19% 6% 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. 0.64% OB 16.85% OC. 6.24% OD 5.74%