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$$ $980,000$$ $1,910,0001400,000960,0002534,000830,0003450,000810,000$a$-1.$ Compute the IRR for both projects.Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$a$-2.$ Based on the IRR, which project should you choose?b$-1.$ Calculate the incremental IRR for the cash flows.Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$b$-2.$ Based on the incremental IRR, which project should you choose?c$-1.$ Compute the NPV for both projects.Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$c$-2.$ Based on the NPV$,$ which project should you choose?c$-3.$ Is the NPV rule consistent with the incremental IRR rule?