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Howell Petroleum, Incorporated, is trying to evaluate a generation project with the following cash flows: Year 0 1 2 Cash Flow -$ 41,500,000 64,500,000 -16,500,000
Howell Petroleum, Incorporated, is trying to evaluate a generation project with the following cash flows: Year 0 1 2 Cash Flow -$ 41,500,000 64,500,000 -16,500,000 a. If the company requires a return of 9 percent on its investments, what is the NPV of the project? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. Compute the IRRs for this project.
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