Compute the net present value of Project Y.

(everything else is correct except net present value of project Y)

Labeau Products, Limited, of Perth, Australia, has $11,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: The company's discount rate is 15%. Click here to view Exhibit 128-1 and Exbibit 128-2, 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? (x) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the net present value of Project Y. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole doliar amount.)