Please include formulas and calculations. Thanks

Consider the following cash flows on two mutually exclusive projects for the B.C. Recreation Corporation (BCRC). Both projects require an annual return of 10 percent. New Submarine Year Deepwater Fishing Ride 0 -$570,000 - $2,150,000 270,000 1,350,000 2 390,000 780,000 3 290,000 870,000 As a financial analyst for BCRC, you are asked to answer the following questions: a-1. Calculate the IRR for both projects. (Do not round intermediate calculations. Round the answer to 2 decimal places.) IRR Deepwater Fishing New Submarine Ride a-2. If your decision rule is to accept the project with the greater IRR, which project should you choose? O Deepwater Fishing O New Submarine Ride b-1. Calculate the incremental IRR for the projects. (Do not round intermediate calculations. Round the answer to 2 decimal places.) Incremental IRR 1% b-2. Because you are fully aware of the IRR rule's scale problem, you calculate the incremental IRR for the cash flows. Based on your computation, which project should you choose? O Deepwater Fishing New Submarine Ride C-1. Compute the NPV for both projects. (Do not round intermediate calculations. Round the answers to 2 decimal places.) NPV * Deepwater Fishing New Submarine Ride c-2. Which project should you choose? Deepwater Fishing New Submarine Ride c-3. Is it consistent with the incremental IRR rule? Yes, always consistent No, always inconsistent