Main Capital Incorporated is considering two mutually exclusive projects. The company's discount rate is 10% and its payback period is 3 years. Using excel, calculate the payback period, NPV and IRR for each project. Determine whether Main Capital should accept or reject the projects under each technique. Explain why.
Cash Flows	Project A	Project B
Initial cash outflow	-400,000	-600,000
Yr 1	55,000	300,000
Yr 2	55,000	300,000
Yr 3	55,000	50,000
Yr 4	225,000	50,000
Yr 5	225,000	49,000