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

Consider the following cash flows on two mutually exclusive projects for the

Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 18 percent. Year Deepwater Fishing New Submarine Ride 0723 -$1,030,000 450,000 574,000 500,000 -$2,010,000 1,060,000 880,000 910,000 a-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 % % a-2. Based on the IRR, which project should you choose? O Deepwater Fishing O Submarine Ride Prev 22 of 25

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