I have mercruiser 898 IO which is low hour refurb and has been running not problem. This is the 305 V8, and as far as I know is stock. I got it really wet a couple of weeks ago (yes, folks, I put the boat in water minus drain plug.) Cooked the alt but replaced the same day and is working now. Problem is that I cannot turn off ignition from the ignition switch. When I turn key to off postion, the accessories go off, but not the run circuit. I have had to use the cut-out switch on the shift cable under the engine cover to kill the engine. Ignition switch seems ok. Any idea what I've done? Help?