Keller Construction is considering two new investments Project E calls for the purchase of earth moving 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 Arpendix for an approximate answer but calculate your final answer using the formula and financial Calculator methods Project E (523,000 investment) Year Cash Flow S 7,000 10,000 11,000 14,000 Project ($25,000 Investment) Year Cash Flow $19,000 10,000 9,000 a. Determine the net present value of the projects based on a zero percent discount rate Project E Proiect H D b. Determine the net present value of the projects based on a discount rate of 10 percent. (Do not round intermediate calculations and round your answers to 2 decimal places.) Project E Proiect H c. If the projects are not mutually exclusive, which project(s) would you accept if the discount rate is 10 percent? Project E Project H Both Hand E References eBook & Resources Worksheet Difficulty: Advanced Learning Objective: 12-04 The net present value and internal rate of return are generally the preferred methods of capital budgeting