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 Project H ($44,000 Investment) ($40,000 Investment) Year Cash Flow Year Cash Flow 2 3 4 $10,000 15,000 21,000 28,000 $20,000 19,000 15,000 2 3 a. Determine the net present value of the projects based on a zero percent discount rate. Project E Project H 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 c. If the projects are not mutually exclusive, which project(s) would you accept if the discount rate is 12 percent? Project E Project H Both H and E % 93 97 2 667 52 04 6 2 8 7 9 5 83 63 46 30 16 04 59 33 11 1000000000000000000000000 % 01 12 01 35 2 110 100000000000 09 26 51 83 21 64 13 67 24 86 50 19 90 63 39 18 98 80 64 49 92 57 100000 0. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 98766554433 75 52 31 12 94 78 16 75 8877 7 2 7 46 1 7 4 4 5 5 30 5 8 5 6 6 96 7 5 3 42 8 7 55554443 7 1358 73964 11123 7048278 o. 0 0 0 0 0 0 0 0 0 0 0 776 100000 o. o. o. 0 0 0 0 0 0 Pe 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 20 25 30 40 50 Appendlx B (concluded) Percent 0.885 0.877 0.870 0.862 0.855 0.847 0.8400.833 0.800 0.769 0.741 743 0.731 0.718 0.706 0.694 0.640 0.592 0.549 0.510 0.444 0.624 0.609 0.593 0.579 0.512 0.455 0.406 0.364 0.296 0.613 0.592 0.572 0.552 0.534 0.515 0.499 0.482 0.410 0.350 0.301 0.543 0.519 0.497 0.476 0.456 0.437 0.4190.402 0.328 0.269 0.223 0.186 0.132 0.480 0.456 0.432 0.410 0.390 0.370 0.352 0.335 0.262 0.207 0.165 0.133 0.088 0.425 0.400 0.376 0.354 0.333 0.314 0.296 0.279 0.210 0.159 0.122 0.095 0.059 8 0.327 0.305 0.285 0.266 0.249 0.233 0.168 0.123 0.091 0 0.068 0.039 0.176 0.162 0.107 0.073 0.050 0.035 0.017 1 0.237 0.215 0.195 0.178 0.162 0.148 0.135 0.086 0.056 0.037 0.025 0.012 0.208 0.187 0.168 0.152 0.137 0.124 0.112 0.069 0.043 0.027 0.018 0.008 0.204 0.182 0.163 0.145 0.130 0.116 0.104 0.093 0.055 0.033 0.020 0.013 0.005 0.1810.160 0.141 0.1250.1110.099 0.088 0.078 0.044 0.025 0.0150.009 0.003 0.160 0.140 0.123 0.108 0.095 0.084 0.074 0.065 0.035 0.020 0.011 0.006 0 0.125 0.108 0.093 0.080 0.069 0.060 0.052 0.045 0.023 0.012 0.006 0.003 0.001 0.1110.095 0.081 0.069 0.059 0.051 0.044 0.038 0.018 0.009 0.005 0.002 0.001 0.0470.038 0.030 0.024 0.020 0.016 0.013 0.010 0.004 0.001 0.026 0.020 0.015 0.012 0.009 0.007 0.005 0.004 0.001