The Silverside Company is considering investing in two alternative projects: Project 1 Project 2 Investment $200,000 $230,000 Useful life (years) 5 Estimated annual net cash inflows for useful life $80,000 $60,000 Residual value $20,000 $14,000 Depreciation method Straight-line Straight-line Required rate of return 8% 8% What is the accounting rate of return for Project 2? (Round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, X.XX%.) O A. 26.09% OB. 6.09% O C. 40.87% OD. 7.30%