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SKILICE PREV 0 14. Problems with IRR (LOS) Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash

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SKILICE PREV 0 14. Problems with IRR (LOS) Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash Flow 552,000,000 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 decision rule, should the company accept the project? What's going on here

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