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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 15 percent. Compute

Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation. Both projects require an annual return of 15 percent. Compute the IRR for both projects. Based on the incremental IRR which project should you choose? Compute the NPV for both projects?
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New Deepwater submarine Fishing Year Ride 0 -$990, 000 S$1,930, 000 1 2 410,000 542,000 460,000 980,000 840,000 830,000

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