Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year 0 Cash Flow 39,100,000 63,100,000 - 12,100,000 1 2 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.) NPV $ 8,263,636.36 a- Should the firm accept this project? No Yes b. (A negative answer should 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.) This project has two IRR's, 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.) The Best Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated here. The corporate tax rate is 24 percent. Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All net working capital is recovered at the end of the project Year 0 Year 1 Year 2 Year 3 Year 4 Investment $26,700 Sales revenue $ 13,800 $ 15,400 $ 16,800 $ 13,300 Operating costs 3,100 3,200 4,600 3,200 Depreciation 6,675 6.675 6,675 6,675 Net working capital spending 320 220 265 170 ? a. Compute the incremental net income of the investment for each year. (Do not round intermediate calculations.) Year 1 Year 2 Year 3 Year 4 Net income b. Compute the incremental cash flows of the investment for each year. (Do not round intermediate calculations. A negative amount should be indicated by a minus sign.) Year 0 Year 1 Year 2 Year 3 Year 4 Cash flow c. Suppose the appropriate discount rate is 12 percent. What is the NPV of the project? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV