$\backslash$table$[[$Cash Flows,Project A$,$Project B$],[$Initial cash outflow,$-400,000,-600,000$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.