Deep West Ltd. (DWL), of Perth, Australia, has $40,000 to invest. The company is trying to decide between two alternative uses for the funds, as follows: Initial Investment Annual cash inflows Single cash inflow at the end of 10 years Life of the project Project X Project Y Investment Options Net Present Value Project X $ 40,000 9,000 10 years DWL's discount rate for both projects is 18%. (Ignore income taxes.) Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables. Required: Determine the net present value. (Negative amounts should be indicated with a minus sign. Round discount factor(s) to 3 decimal places.) O Project X O Project Y Project Y $ 40,000 Which alternative would you recommend that the company accept? 150,000 10 years

Deep West Ltd. (DWL), of Perth, Australia, has $40,000 to invest. The company is trying to decide between two alternative uses for the funds, as follows: DWL's discount rate for both projects is 18\%. (Ignore income taxes) Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(5) using tables. Required: Determine the net present value. (Negative amounts should be indicated with a minus sign. Round discount factor(s) to 3 decimal places.) Which alternative would you recommend that the company accept? Project X Project Y