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Consider the following cash flows on two mutually exclusive projects for the Bahamas recreation corporation. Both projects require an annual return of 16 percent. Compute

Consider the following cash flows on two mutually exclusive projects for the Bahamas recreation corporation. Both projects require an annual return of 16 percent. Compute the IRR for both projects. Based on the IRR which project would you choose? Compute the NVP for both projects ?
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New Deepwater submarine Fishing 410, 000 460,000 Year Ride 0 $990,000 $1,930, 000 980,000 840,000 830,000 1 2 542, 000

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