Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows:
Year Cash Flow
0 – $39,200,000
1 – 3,200,000
2 – 12,200,000
What is the NPV for the project if the company requires a return of 11 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g, 32.16.)
NPV – ?
2. Should the firm accept this project?
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