Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 16 percent er New Submarine Year Fishing Ride 0 $990,000 $1,930,000 410,000 2 542.000 3 460,000 980,000 840,000 830,000 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.) IRR Deepwater Fishing Submarine Ride a 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 fows. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) Incremental IRR b-2. Based on the incremental IRR, which project should you choose? O Submarine Ride O Deepwater Fishing c-1. Compute the NPV for both projects. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) NPV Deepwater Fishing Submarine Ride c-2. Based on the NPV, which project should you choose? O Submarine Ride O Deepwater Fishing