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

Year	Cash Flow
0	$39,500,000
1	60,500,000
2	14,500,000

(a)

If the company requires a 8 percent return on its investments, what is the NPV of the project?

NPV= $4087105.63

(b)	Compute the IRRs for this project. Internal rate of return %: 23.42% Internal rate of return % : ?? What is the second internal rate of return?