Project $1$ involves an outlay of $$80,000.$ Project $2$ involves an outlay of $$60,000.$ Each project will get an annual net income for $5$ years as listed in the table.

$\backslash$table$[[$year$,$project $1,$project $2],[0,-80,-60],[1,40,30],[2,20,30],[3,20,20],[4,20,10],[5,5,10]]$

Use the payback method to decide which is the most attractive project.

What is the accounting rate of return for project $1?$ Write your answer as a percent using the percent symbol.

What is the accounting rate of return for project $2?$ Write your answer as a percent using the percent symbol. Decide which is the most attractive project using the accounting rate of return method.