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Tiberius Manufacturing is considering two alternative investment proposals with the following data: Proposal Proposal Y...

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Accounting

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Tiberius Manufacturing is considering two alternative investment proposals with the following data: Proposal Proposal Y Investment $10,300,000 $460,000 Useful life 5 years 5 years Estimated annual net cash inflows for 5 years $2,060,000 595,000 Residual value $56,000 $33,000 Depreciation method Straight-line Straight-line Required rate of return 12% 11% Calculate the accounting rate of return for Proposal Y. (Round any intermediate calculations and your final answer to two decimal places.) O A. 9.01% OB. 12.87% OC. 3.89% OD. 11,54%

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