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

Year	Cash Flow
0	$	38,200,000
1		62,200,000
2		11,200,000

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 $ a-2 Should the firm accept this project?

multiple choice

• No

• Yes

b. This project has two IRRs, namely percent and 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.) (Do not round intermediate calculations. A negative answer should be indicated by a minus sign. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)