Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows:

Year Cash Flow

0 $43,500,000

1 68,500,000

2 18,500,000

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.)

b. Compute the IRRs for this project. (Larger and Smaller)