Bohrer Mining, Inc., is trying to evaluate a project with the following cash flows: Year Cash Flow 0 $ 38,500,000 1 62,500,000 2 11,500,000 a-1 What is the NPV for the project if the company requires a return of 12 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

NPV $

a-2 Should the firm accept this project?

Yes No

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.)