King Lyon is considering two new investments. Project E calls for the purchase of earth-moving equipment. Project H represents the investment in a hydraulic lift. Lyon wishes to use a NPV profile in comparing the projects. The investment and cash flow patterns are as follows: Use Appendix B. Project E ($35,000 investment) Project H ($37,000 investment) Year 1234 Cash Flow Year $8,000 1 13,000 19,000 23 21,000 Cash Flow $19,000 16,000 15,000 a. Determine the NPV of the projects based on a zero discount rate. Project E Project H LA A NPV b. Determine the NPV of the projects based on a 13 percent discount rate. (Round "PV Factors" to 3 decimal places. Round the final answers to the nearest whole dollar.) Project E Project H NPV