Light sweet petroleum | Business & Finance homework help

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

YearCash Flow

0–$ 39,600,000

1 63,600,000

2– 12,600,000

a-1

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

  NPV$   7,141,071.43

a-2Should the firm accept this project?

No

Yes

b.

This project has two IRR’s, namely ?percent and 37.46 percent, in order from smallest to largest. (Note: If you can only compute one IRR value, you should input that amount into both answer boxes in order to obtain some credit.) (Negative amount should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16))

I need the first IRR the other one is correct.