Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows:

Year Cash Flow

0 -$ 40,000,000

1 64,000,000

2 - 13,000,000

a-1.

What is the NPV for the project if the company requires a return of 10 percent?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

a-2.

Should the firm accept this project?

No

Yes

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.)

(A negative answershould be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)