Problem 12-23 Net present value profile [LO12-4] 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 ($54,000 Investment) Year Cash Flow $12,000 16,000 26,000 33,000 1234& 4 Project H ($48,000 Investment) Year Cash Flow 1 Project E Project H 2 3 a. Determine the net present value of the projects based on a zero percent discount rate. Net Present Value $24,000 17,000 18,000 b. Determine the net present value of the projects based on a discount rate of 11 percent. (Do not round intermediate calculations and round your answers to 2 decimal places.) Project E Project H Net Present Value c. If the projects are not mutually exclusive, which project(s) would you accept if the discount rate is 11 percent? O Project E O Project H O Both H and E