Howell Petroleum, Incorporated, is trying to evaluate a generation project with the following cash flows: Year 0 1 2 Cash Flow -$ 44,500,000 70,500,000 -19,500,000 a. If the company requires a return of 8 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. Note: Do not round intermediate calculations and enter your 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 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. a. NPV b. Larger IRR Smaller IRR $ 4,059,670.78 22.72% % 27

Howell Petroleum, Incorporated, is trying to evaluate a generation project with the following cash flows: 0. If the company requires a return of 8 percent on its investments, what is the NPV of the project? Note: Do not round intermediate calculations and round your answer to 2 decimal ploces, e.g., 32.16. b. Compute the IRRs for this project. Note: Do not round intermediote calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16 . Enter the lorger IRR in the first onswer box ond the smoller IRR in the second onswer box. If you can only colculate one IRR. enter it in both boxes to receive partial credit. A negative onswer should hove o minus sign