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. Projects Project 1 ($25,000 Investment) ($27,000 Investment) Cash Flow Year Cash Flow $ 6,000 $18,000 2 9,000 10,000 7,000 13,000 Year 1 1 9,000 2 3 4 3 a. Determine the net present value of the projects based on a zero percent discount rate. Net Present Value Project E Project 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 discount rate is 9 percent? Project E Project H Both H and E