Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 15 percent. Year 0 Deepwater Fishing -$970,000 390,000 526,000 440,000 New Submarine Ride -$1,890,000 940,000 820,000 790,000 1 2 3 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 86.95 % Deepwater Fishing Submarine Ride % a-2. Based on the IRR, which project should you choose? Submarine Ride Deepwater Fishing 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 18.46 % b-2. Based on the incremental IRR, which project should you choose? Submarine Ride Deepwater Fishing C-1. Compute the NPV for both projects. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) NPV Deepwater Fishing $ Submarine Ride $ C-2. Based on the NPV, which project should you choose? OO Deepwater Fishing Submarine Ride C-3. Is the NPV decision consistent with the incremental IRR rule? oo No Yes