Question
Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash Flow 0 -37,500,000 1 56,500,000 2 -12,500,000 Required:
Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows:
Year | Cash Flow |
0 | -37,500,000 |
1 | 56,500,000 |
2 | -12,500,000 |
Required: | |||||||||||
(a) | If the company requires a 10 percent return on its investments, what is the NPV of the project? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) NPV = $
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