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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

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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 1 71,000,000 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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