Question
Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash Flow 0 $38,700,000 1 62,700,000 2 11,700,000 a)
Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows:
| Year | Cash Flow | ||
| 0 | $38,700,000 | ||
| 1 | 62,700,000 | ||
| 2 | 11,700,000 | ||
a) This project has two IRRs. What is the smaller IRR?
b) This project has two IRRs. What is the larger IRR?
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
8th Edition
0618471421, 9780618471423
