A company is considering the following two mutually exclusive investments:

Project $1.$ Initial outlay $=$$$250000$

Scrap proceeds at end of the project $=$$$16000$

Profit after depreciation $=$$$38000$ p$.$a$.$ for $7$ years

Project $2$: Initial outlay $=$$$120000$

Scrap proceeds at end of project $=$$$12000$

Profit afler depreciation $=$$$20000$ p$.$a$.$ for $6$ years

If the company has a target Accounting Rate of Relurn of $29\%$ based on average investment, which project$($s$)$ would be acceptable?

$\backslash$table$[[,1,],$Project,$1,$No$],[,,,$Project,$2,$No$],[$B$,$I,$1,$Project,$1,$Ye$],[,,,$Project,$2,Ye$