Calculate the incremental IRR for the cash flows. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation n (BRC). Both projects require an annual return of 16 percent. Deepwater New Submarine Year Fishing 0 $980,000 400,000 534,000 450,000 $1,910,000 960,000 830,000 810,000 2