The proprietor of Midland Construction Company has to decide between two projects. He estimates that the first project will yield a profit of $180,000 with a probability of 0.7 or a profit of $150,000 with a probability of 0.3; the second project will yield a profit of $220,000 with a probability of 0.6 or a profit of $80,000 with a probability of 0.4. Which project should the proprietor choose if he wants to maximize his expected profit?