Tiberius Manufacturing is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $10,500,000 $500,000 Useful life 5 years 5 years Estimated annual net cash inflows for 5 years $2,100,000 $105,000 Residual value $52,000 $32,000 Depreciation method Straight-line Straight-line Required rate of return 13% 12% Calculate the accounting rate of return for Proposal Y. (Round any intermediate calculations and your final answer to two decimal places.) BRE O A. 13.87% OB. 12.63% O C. 9.52% OD. 4.29%