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In: AccountingConsider the following cash flows on two mutually exclusiveprojects for the Bahamas Recreation Corporation (BRC)....Consider the following cash flows on two mutually exclusiveprojects for the Bahamas Recreation Corporation (BRC). Bothprojects require an annual return of 18 percent. YearDeepwater FishingNew Submarine Ride0?$1,035,000?$2,020,0001455,0001,070,0002578,000885,0003505,000920,000 a-1.Compute the IRR for both projects.(Do not round intermediate calculations. Enter your answersas a percent rounded to 2 decimal places, e.g.,32.16.) IRR DeepwaterFishing% Submarine Ride% a-2.Based on the IRR, which project should you choose? Submarine RideDeepwater Fishing b-1.Calculate the incremental IRR for the cash flows. (Donot round intermediate calculations. Enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.) Incremental IRR% b-2.Based on the incremental IRR, which project should youchoose? Submarine RideDeepwater Fishing c-1.Compute the NPV for both projects. (Do not roundintermediate calculations. Round your answers to 2 decimal places,e.g., 32.16.) NPV DeepwaterFishing$ Submarine Ride$ c-2.Based on the NPV, which project should you choose? Submarine RideDeepwater Fishing c-3.Is the NPV decision consistent withthe incremental IRR rule?NoYes