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Please help 04) Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return

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04) Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 16 percent Year 0 Deep Water Fishing $990,000 New Submarine Ride ,000-31,930.000 $40.000 980,000 840,000 830.000 160,000 a) Compute the IRR for both projects. Based on IRR, which project should you choose? (5 pts) b) Compute the NPV for both projects. Based on NPV which project should I choose? (5 pts)

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