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

Year Cash Flow

0 -$38,600,000

1 62,600,000

2 -11,600,000

a.What is the NPV for the project if the company requires a return of11 percent?

b. The project has two IRR's, namely ___________ percent and _________ percent, in order from smallest to largest. (Compute the IRRs)