Problem 5-11 NPV versus IRR Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 17 percent. New Deepwater Fishing Submarine Year Ride $1015,000 $1,980,000 1 435,000 1,030,000 2 562.000 865,000 3 485.000 880,000 0-1. Compute the IRR for both projects. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Deepwater Fishing Submarine Ride %