Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 18 percent. Compute the IRR for both projects. Based on the IRR, which project should you choose? Submarine Ride Deepwater Fishing Calculate the incremental IRR for the cash flows. Based on the incremental IRR, which project should you choose? Submarine Ride Deepwater Fishing Compute the NPV for both projects