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

YEAR CASH FLOW

$0$$$67,000,000$

$197,000,000$

$213,000,000$

a$.$ If the project has a required return of $10$ percent, should it accept this project? Why?

b$.$ Compute the IRR for this project. How many IRRs are there? If you apply the IRR decision rule,

should you accept the project or not? What$$s going on here?