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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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