Question: Please show all your work including for all algebraic problems. The initial investments are $980,000 and $1,910,000 Year Deepwater Fishing Submarine Ride 0 $ 980,000

Please show all your work including for all algebraic problems.

The initial investments are $980,000 and $1,910,000

Year Deepwater Fishing Submarine Ride
0 $ 980,000 $ 1,910,000
1 400,000 960,000
2 534,000 830,000
3 450,000 810,000

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.)
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?

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