Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation. Both projects require an annual return of 16 percent. Deepwater New Submarine Year Fishing Ride 0-$980,000$1,910,000 960,000 830,000 810,000 400,000 534,000 450,000 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 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 1% b-2. Based on the incremental IRR, which project should you choose? O Deepwater Fishing Submarine Ride