Cutler Petroleum, Inc., is trying to evaluate a generation project with the following cash flows:

Year	Cash Flow
0	$	38,800,000
1		62,800,000
2		11,800,000

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?

	Yes
	No

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.) (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.)