Question: Howell Pretroleum, Inc., is trying to evaluate a generation project with the following cash flows. Year Cash Flow 0 -$36,500,000 1 54,500,000 2 -11,500,000 a.

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

Year Cash Flow

0 -$36,500,000

1 54,500,000

2 -11,500,000

a. If the company requires a return of 9 perent on its investments, what is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b. Compute the IRRs for this project (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Enter the larger IRR in the first answer box and the smaller IRR in the second box. If you can only calculate one IRR, enter it in both boxes to recieve partial credit. A negative answer should have a minus sign.

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