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14. Problems with IRR [LO5] Light Sweet Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash Flow -$48,000,000
14. Problems with IRR [LO5] Light Sweet Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash Flow -$48,000,000 71000,000 2 13,000,000 a. If the company requires a return of 12 percent on its investments, should it accept this project? Why? b. Compute the IRR for this project. How many IRRS are there? Using the IRR deci- sion rule, should the company accept the project? What's going on here
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