Tiberius Manufacturing is considering two alternative investment proposals with the following data: ProposalX Proposal Y Investment $10,400,000 $410,000 Useful life 5 years 5 years Estimated annual net cash inflows for 5 years $2,000,000 $ 101,000 Residual value $54,000 $33,000 Depreciation method Straight-line Straight-line Required rate of retum 13% 11% Calculate the accounting rate of return for Proposal Y(Round any intermediate calculations and your final answer to two decimal places.) O A 14.02% OB. 12.04% OC. 11.56% OD. 23.19%