Wilsons Market is considering two mutually exclusive projects. The required rate of return is 11% for Project A and 9% for Project B. Project A has an initial cost of $54,500, 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 $69,500, and should produce cash inflows of $0, $48,000, and $43000, 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 should be accepted if the cutoff point is 1.8 years.