$1.$ The following net cash flows are projected for two separate projects. Your required rate of return is $12\%.$

Year Project A Project B

$0($$$150,000)($$$400,000)$

$1$ $$30,000$ $$100,000$

$2$ $$30,000$ $$100,000$

$3$ $$30,000$ $$100,000$

$4$ $$30,000$ $$100,000$

$5$ $$30,000$ $$100,000$

$6$ $$30,000$ $$100,000$

a$.$ Calculate the payback period for each project.

b$.$ Calculate the NPV of each project.

c$.$ Calculate the MIRR of each project.

d$.$ Which project$($s$)$ would you accept and why?