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Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 17 percent.

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Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 17 percent. Year 0 1 2 3 Deepwater Fishing -$1,015,000 435.000 562,000 485,000 New Submarine Ride -$1,980,000 1,030,000 865,000 880,000 Based on the NPV, which project should you choose? a. None of them b. Deepwater Fishing c. New Submarine Ride O d. Both of them

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