Problem $9-14$ Problems with IRR $[$LO$5]$

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

Year Cash Flow

$0$$ $38,900,000$

$162,900,000$

$211,900,000$

a$-1.$

What is the NPV for the project if the company requires a return of $11$ percent? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$-2.$ Should the company accept this project?

multiple choice

No

Yes