7.(15 Points) Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation. Both projects require an annual return of 15 percent. Year 0 1 2 3 Deepwater Fishing -$970,000 390,000 526,000 440,000 Submarine Ride -$1,890,000 940,000 820,000 790,000 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? 6-1. 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.) 0-2. 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