Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation. Both projects require an annual return of 16 percent.

Year	Deepwater Fishing			Submarine Ride
0	$	995,000		$	1,940,000
1		415,000			990,000
2		546,000			845,000
3		465,000			840,000

**I only need answers for c**

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?