Question: Bohrer Mining, Inc., is trying to evaluate a project with the following cash flows: Year Cash Flow 0 $ 38,900,000 1 62,900,000 2 11,900,000 a-1.
| Bohrer Mining, Inc., is trying to evaluate a project with the following cash flows: |
| Year | Cash Flow | ||
| 0 | $ | 38,900,000 | |
| 1 | 62,900,000 | ||
| 2 | 11,900,000 | ||
| a-1. | What is the NPV for the project if the company requires a return of 11 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
b.
This project has two IRRs, namely ______ percent and ____ percent, in order from smallest to largest. (Note: If you can only compute one IRR value, you should input that amount into both answer boxes in order to obtain some credit.) (Do not round intermediate calculations. A negative answer should be indicated by a minus sign. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
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