10 years 10 years Redwood Corporation is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $890,000 $506,000 Useful life Estimated annual net cash inflows for 10 years $120,000 $86,000 Residual value $35,000 $- Depreciation method Straight-line Straight-line Required rate of return 12% 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 XXX%) A. 3.88% B 7.00% OC 13.48% D. 3.48% 10 years 10 years Redwood Corporation is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $890,000 $506,000 Useful life Estimated annual net cash inflows for 10 years $120,000 $86,000 Residual value $35,000 $- Depreciation method Straight-line Straight-line Required rate of return 12% 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 XXX%) A. 3.88% B 7.00% OC 13.48% D. 3.48%