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. Year Project E {$49,000 Investment) Year Cash Flow 1 $11,000 2 15,000 25,000 4 32,000 Project ($46,000 Investment) Cash Flow 1 $ 25,000 2 18,000 3 16,000 a. Determine the net present value of the projects based on a zero percent discount rate. Project E Project H Net Present Value $ 34.000 s 13,000 b. Determine the net present value of the projects based on a discount rate of 9 percent. (Do not round Intermediate calculations and round your answers to 2 decimal places.) Net Present Value Project E b. Determine the net present value of the projects based on a discount rate of 9 percent. (Do not round intermediate calculations and round your answers to 2 decimal places.) Net Present Value Project E Project H c. If the projects are not mutually exclusive, which project(s) would you accept if the discount rate is 9 percent? O Project E O Project H Both Hand E