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Light Sweet Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash Flow 0 $ 48,000,000 1 71,000,000 2

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

Year Cash Flow
0 $ 48,000,000
1 71,000,000
2 13,000,000

a-1.

What is the NPV for the project if the company requires a 12 percent return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

a-2. Should the firm accept this project?

Yes

No

b.This project has two IRR's, namely ________ percent and _________ percent, in orderfrom smallest to largest. (Note: If you can only compute one IRR value, you should input thatamount into both answer boxes in order to obtain some credit.)(A negative answer should beindicated by a minus sign. Do not round intermediate calculations and enter youranswers as a percent rounded to 2 decimal places, e.g., 32.16.)

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