Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation. Both projects require an annual return of 14 percent. Submarine Ride Deepwater Year Fishing O $955,000 1 375,000 2. 514,000 3 425,000 1,860,000 910,000 805,000 760,000 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? 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.) b-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? % a-1. Deepwater Fishing IRR Submarine Ride IRR % a-2. IRR decision % b-1. Incremental IRR b-2. Incremental IRR decision DeAnwater fishing NPV