Calculate the NPV of Investment D and E respectively. Provide an interpretation in terms of absolute and relative profitability.

Project D 200,000 3 5,000 Project E 200,000 9 5,000 80,000 120,000 150,000 Initial investment outlay Economic Life Liquidation Value Net Cash flows () T=1 T=2 T=3 T=4 T=5 T=6 T=7 T=8 T=9 Relevant Discount Rate (%) 50,000 60,000 70,000 80,000 90,000 95,000 100,000 176,000 200,000 8 8