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

Year

0 $ 44,000,000

1 69,500,000

2 19,000,000

If the company requires a return of 9 percent on its investments, what is the NPV of the project?.

Compute the IRRs for this project. Enter the larger IRR in the first answer box and the smaller IRR in the second answer box. If you can only calculate one IRR, enter it in both boxes to receive partial credit. A negative answer should have a minus sign.