Calculate the incremental irr for the cash flows

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Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 18 percent.

Year                 Deepwater Fishing               New Submarine Ride

0                          −$ 1,040,000                           −$ 2,030,000

1                                  460,000                               1,080,000

2                                  582,000                                  890,000

3                                   510,000                                930,000

Calculate the incremental IRR for the cash flows.   

Reference no: EM131532396

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