3. Cutler Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash Flow 0 $ 39,900,000 1 63,900,000 2 12,900,000 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.) NPV $ 6869770.41 a-2 Should the firm accept this project? No Yes b. This project has two IRRs, namely 77.58 percent and 38.8 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.) (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) eBook & Resources