VH Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Florida at the cost of $1,880,000. Under the other proposal, the company would focus on Georgia and open 6 stores at a cost of $2,700,000. The following information is available: Required investment Estimated life Estimated residual value Estimated annual cash inflows over the next 9 years Required rate of return Florida proposal Georgia proposal $1,880,000 $2,700,000 7 years 7 years $40,000 $60,000 $700,000 $800,000 89 8% The accounting rate of return for the Georgia proposal is closest to (Round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, XXX%.) 15,66% O 13.97%. 29.63% 8.0096