9 years 9 years Redwood Corporation is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $900,000 $488,000 Useful life Estimated annual net cash inflows for 9 years $130,000 $84,000 Residual value $42,000 Depreciation method Straight-line Straight - line Required rate of return 15% 12% $- What is the accounting rate of return for Proposal Y? (Round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, X.XX%.) O A. 4.06% B. 11.11% OC. 6.10% OD. 17.21%