Question: Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation. Both projects require an annual return of 18 percent. Year

Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation. Both projects require an annual return of 18 percent.  Year Deepwater Fishing New Submarine Ride 0 $ 1,040,000  $ 2,030,000  1  460,000   1,080,000  2  582,000   890,000  3  510,000   930,000  What is Incremental IRR%? 

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