Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 14 percent. New Submarine Deepwater Fishing Year Ride 0 -$875,000 1 330,000 -$1,650,000 890,000 730,000 590,000 2 3 480,000 440,000 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.) Answer is complete but not entirely correct. Deepwater Fishing Submarine Ride 21.13% 19.61% a-2. Based on the IRR, which project should you choose? Deepwater Fishing Submarine Ride 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.) Answer is complete but not entirely correct. Incremental IRR 17.81 % 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 and round your answers to 2 decimal places, e.g., 32.16.) > Answer is complete but not entirely correct. Deepwater Fishing $ 70,163.21 x Submarine Ride $ 81,682.19 x