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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 18 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 18 percent epwater New Su Fishing Ride 0$1,045,000 $2,040,000 1,090,000 895,000 940,000 465,000 586,000 515,000 a-1. Compute the IRR for both projects. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g.. 32.16.) Deepwater Fishing Submarine Ride a 2. Based on the IRR, which project should you choose O Deepwater Fishing O Submanine Ride b.1. Calculate the incremental IRR for the cash fows. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, o.. 32.16) Incremental IRC b 2. Based on the incremental IRR, which project should you choose? O Submanne Ride O Deepwater Fishing c.1. Compute the NP'V for both projects (Do not round intermediate calculations. Round your answers to 2 decimal places, e. 32.16.) NPV Deepwater Fishing Submarine Ride c2. Based on the NPV, which project should you choose? O Submarine Ride O Deepwater Fishing c-3. Is the NPV decision consistent with the incremental IRR rule

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