Question: Howell Petroleum, Incorporated, is trying to evaluate a generation project with the following cash flows: Year Cash Flow 0 $ 38,100,000 1 62,100,000 2 11,100,000

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

Year Cash Flow
0 $ 38,100,000
1 62,100,000
2 11,100,000

a-1. What is the NPV for the project if the company requires a return of 10 percent?

b. This project has two IRR's, namely %

and %, in order from smallest to largest.

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