Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 14 percent. Deepwater Fishing Year 0 $725,000 New Submarine Ride $1,450,000 820,000 650,000 540,000 1 2 3 270,000 420,000 380,000 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 % % a-2. Based on the IRR, which project should you choose? O Deepwater Fishing Submarine Ride b-1. Calculate the incremental IRR for the cash flows. (Do not round intermediat calculations and enter your answer as a percent rounded to 2 decimal pla e.g., 32.16.) Incremental IRR % b-2. Based on the incremental IRR, which project should you choose? Submarine Ride 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.) Deepwater Fishing Submarine Ride c-2. Based on the NPV, which project should you choose? O Submarine Ride O Deepwater Fishing C-3. Is the NPV decision consistent with the incremental IRR rule? O Yes