Howell Petroleum inc is trying to evaluate a generation project with the following cash flows

Year Cash Flow

0 -38000000

1 57500000

2 -13000000

a) if the company requires a return of 11 percent on its investments what is the NPV of the project?

b) Compute the IRRs for this project.

a) NPV?

b) Larger IRR

c) Smaller IRR