Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation. Both projects require an annual return of 18 percent. Deepwater Fishing Submarine Ride Year 0 31040,000 2,030,000 1 460,000 1,080,000 2 582,000 890,000 3 510,000 930,000 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.) a-2. Based on the IRR, which project should you choose? b-1. Calculate the incremental IRR for the cash flows. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b-2. Based on the incremental IRR, which project should you choose? C-1. Compute the NPV for both projects. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) C-2. Based on the NPV, which project should you choose? c-3. Is the NPV rule consistent with the incremental IRR rule? a-1. Deepwater Fishing IRR 22.55% Submarine Ride IRR 20.85% a-2. IRR decision b-1. Incremental IRR % b-2. Incremental IRR decision C-1. Deepwater fishing NPV Submarine ride NPV b-2. Based on the incremental IRR, which project should you choose? C-1. Compute the NPV for both projects. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c-2. Based on the NPV, which project should you choose? c-3. Is the NPV rule consistent with the incremental IRR rule? a-1. Deepwater Fishing IRR 22.55% Submarine Ride IRR 20.85:% a-2. IRR decision b-1. Incremental IRR % b-2. Incremental IRR decision C-1. Deepwater fishing NPV Submarine ride NPV C-2. NPV decision C-3. Are the rules consistent