1 Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 15 percent. 100 Doints Deepwater Fishing Year cBook New Submarine Ride $1890,000 940,000 820,000 790,000 0-$970,000 1 390,000 2 526,000 3 440,000 Print References 0-1. Compute the IRR for both projects. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Deepwater Fishing Submarine Ride % 9 1 1 a-2. Based on the IRR, which project should you choose? 100 points O Submarine Ride O Deepwater Fishing eBook Print b-1. Calculate the incremental IRR for the cash flows. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) References Incremental IRR b-2. Based on the incremental IRR wach project should you choose? Submarine Ride Deepwater Fishing 1 C-1. Compute the NPV for both projects. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 100 points Deepwater Fishing Submarine Ride eBook Print References c-2. Based on the NPV, which project should you choose? O Deepwater Fishing O Submarine Ride c-3. Is the NPV decision consistent with the incremental IRR rule? Yes O No