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Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows Cash Flow -$38,500,000 58,500,000 -13,500,000 Year a. If the company
Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows Cash Flow -$38,500,000 58,500,000 -13,500,000 Year a. If the company requires a return of 12 percent 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.) NPV 2,970,026 b. Compute the IRRs for this project. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Enter the larger IRR in the first answer box and the smaller IRR in the second answer box. lf you can only calculate one IRR, enter it in both boxes to receive partial credit. A negative answer should have a minus sign) nternal rate of return Internal rate of return 23.34 %
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