Consider the following cash flows on two mutually exclusve projects for the Bahamas Recreation Corporation (BRC) Both projects require an annual returm of 17 percent New Submarine ear Fishing 0 -$1,020,000-$1,990,000 1,040,000 870,000 890,000 440,000 566,000 490,000 a-1. Compute tho IRR for both grojcts (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g, 32.16) Deepwater Fishing Submarine Ride 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, e.g. 32.16 emental IRR Based on the incremental IRR, which project should you choose? O Submarnne Ride O Deepwater Fishing Esc 4