7. Miller Electronics is considering two new investments. Project C calls for the purchase of a coolant recovery system. Project H represents an investment in a heat recovery system. The firm wishes...

Extracted text: 7. Miller Electronics is considering two new investments. Project C calls for the purchase of a coolant recovery system. Project H represents an investment in a heat recovery system. The firm wishes to use a net present value profile in comparing the projects. The investment and cash flow patterns are as follows: Project Years Alternatives 1 2 3 4 Project C Project H -25,000 -25,000 6,000 20,000 7,000 6,000 9,000 5,000 13,000 a. Determine the net present value of the projects based on a zero-discount rate and comment on your answer.