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Exercise 12-14 (Algo) Comparison of Projects Using Net Present Value (L012-2] Labeau Products, Limited, of Perth, Australia, has $28,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest in Project X $ 28,000 $ 8,000 Invest in Project Y $ 28,000 $ 40,000 Investment required Annual cash inflows Single cash inflow at the end of 6 years Lite of the project The company's discount rate is 10% 6 years 6 yeara rences Click here to view Exhibit 12B-1 and Exhibit 12B-2. to determine the appropriate discount factor(s) using tables Required: 1. Compute the net present value of Project X 2. Compute the net present value of Project Y 3. Which project would you recommend the company accept? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the net present value of Project X. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) Nott value Required 2 >