Keller Construction is considering two new investments. Project E calls for the purchase of earthmoving equipment. Project H represents an investment in a hydraulic lift. Keller wishes to use a net present value profile in comparing the projects. The investment and cash flow patterns are as follows: Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. Project E ($46,000 Investment) Project H ($45,000 Investment) Cash Flow Year Cash Flow Year 123st $ 9,000 1 $24,000 2 4 13,000 23,000 30,000 2 18,000 3 14,000 a. Determine the net present value of the projects based on a zero percent discount rate. Project E Project H Net Present Value b. Determine the net present value of the projects based on a discount rate of 12 percent. (Do not round intermediate calculations and round your answers to 2 decimal places.) Project E Project H Net Present Value c. If the projects are not mutually exclusive, which project(s) would you accept if the discount rate is 12 percent? Project E O Project H O Both H and E