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

Year Cash Flow

0 -$ 39,700,000

1 63,700,000

2 - 12,700,000

a-1. What is the NPV for the project if the company requires a return of 10 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

a-2.Should the firm accept this project?

• No
• Yes

b.

This project has two IRR's, 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.)