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Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows Year Cash Flow 0 $44,000,000 1 69,500,000 2 19,000,000 Required:
Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows |
Year | Cash Flow |
0 | $44,000,000 |
1 | 69,500,000 |
2 | 19,000,000 |
Required: | |||||||||||
(a) | If the company requires a 9 percent return on its investments, what is the NPV of the project? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
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