Problems with IRR [LO5] Howell Petroleum, Inc., is trying to evaluate a genera- tion project with the following cash flows: Year Cash Flow 0 $52,000,000 1 74,000,000 2 -12,000,000 a. If the company requires a return of 12 percent on its investments, should it accept this project? Why? b. Compute the IRR for this project. How many IRRs are there? Using the IRR deci- sion rule, should the company accept the project? Whats going on here?

use excel tab