22 Week 5_-HW_(Ch. 7 in book) Saved Problem 7-13 NPV versus IRR Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation. Both projects requi an annual return of 18 percent. ipped Deepwater Submarine New Fishing Ride ear 0 $1,050,000-$2,050,000 1470,000 1,100,000 900,000 950,000 eBook 2 590,000 520,000 a-1. Compute the IRR for both projects. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g, 32.16.) Deepwater Fishing Submarine Ride % 0-2 Based on the IRR, which project should you choose? O Submarine Ride O Deepwater Fishing b-1. Calculate the incremental IRR for the cash flows kDo not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16) Incremental IRR