Howell Petroleum, Inc., is trying to evaluate a generationproject with the following cash flows: Year Cash Flow 0 –$40,500,000 1 62,500,000 2 – 15,500,000 a. If the company requires areturn of 11 percent on its investments, what is the NPV of theproject? (Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.) NPV $ b. Compute the IRRsfor this project. (Do not round intermediate calculations and enteryour answers as a percent rounded to 2 decimal places, e.g., 32.16.Enter the larger IRR in the first answer box and the smaller IRR inthe second answer box. If you can only calculate one IRR, enter itin both boxes to receive partial credit. A negative answer shouldhave a minus sign.) Internal rate of return % Internal rate ofreturn %