Matthew's Market is debating 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 $53000, 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 2.2 years