Problem 7-15 Problems with IRR

Bohrer Mining, Inc., is trying to evaluate a project with the following cash flows:

Year	Cash Flow
0	$	39,600,000
1		63,600,000
2		12,600,000

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.)
a-2.	Should the firm accept this project?

a-1.	NPV	$.
a-2.	Accept/Reject

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.)