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 New Submarine Fishing 0 $985,000 405,000 538,000 455,000 Year Ride -$1,920,000 970,000 835,000 820,000 2 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? Deepwater Fishing O Submarine Ride b-1. Calculate the incremental IRR for the cash flows. (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? Deepwater Fishing O Submarine Ride 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 Deepwater Fishing c-3. Is the NPV decision consistent with the incremental IRR rule? O No O Yes