Joe$$s Market is considering two mutually exclusive projects. The required rate of

return is $8\%$ for Project A and $10\%$ for Project B$.$ Project A has an initial cost of $$50,000,$

and should produce cash inflows of $$26,000,$ $$29,000,$ and $$32,000$ for Years $1$ to $3,$

respectively. Project B has an initial cost of $$70,500,$ and should produce cash inflows of

$$0,$ $$45,000,$ and $$60000,$ for Years $1$ to $3,$ respectively. Based on IRR, which project, if

either, should be accepted and why? Based on the Payback Period, which project, if any,

should be accepted if the cutoff point is $2\mathrm{.}2$ years. Show excel work thanks.