Exercise 12-14 Comparison of Projects Using Net Present Value (L012-2] Labeau Products, Ltd., of Perth, Australia, has $32,000 to invest. The company is trying to decide between two alternative uses funds as follows: Invest Invest in in Project Project Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project $32,000 $32,000 $ 9,000 $ 60,000 years 6 years The company's discount rate is 16%. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the approp 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 ac