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. Deepwater Fishing Year 0-$980,000 1 400,000 2 534.000 3 450.000 New Submarine Ride 1,910,000 960,000 830,000 810,000 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 % 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.) incremental IRR % b-2. Based on the incremental IRR, which project should you choose? Submarine Ride O Deepwater Fishing 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.) Deepwater Fishing Submarine Ride