Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation. Both projects require an annual return of 17 percent. Deepwater Submarine Year Fishing Ride o $1,015,000 $1,980,000 435,000 1,030,000 2 562,000 865,000 3 485,000 880,000 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 21.13% Submarine Ride IRR 19.61 % IRR decision Deepwater fishing Incremental IRR % a- 2. b- 1. b- 2. C- 1. Incremental IRR decision Deepwater fishing NPV Submarine ride NPV NPV decision Are the rules consistent