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Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: year Cash Flow 0 -$38,000,000 1 56,000,000 2 -9,000,000 a.

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

year Cash Flow
0 -$38,000,000
1 56,000,000
2 -9,000,000

a. If the company requires a 10 percent return on its investments, what is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b. Compute the IRRs for this project. (A negative answer should be indicated by a minus sign. Enter your answers from lowest to highest. If you can only calculate one IRR, enter it in both answer boxes to receive partial credit. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

* please answer this question manually, not with excel.*

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