Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 17 percent. Year Deepwater Fishing New Submarine Ride C -$ 1,000,000 -$ 1,950,000 420,000 1,000,000 WN - 550,000 850,000 470,000 850,000 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 O Submarine Ridec-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 No O Yesb-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? O Deepwater Fishing O Submarine Ride 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