Exercise 14-14 (Algo) Comparison of Projects Using Net Present Value (LO14-2) Labeau Products Limited, of Perth, Australia, has $15,000 to invest. The company is trying to decide between two alternative uses for the funds as follows Invest in Project Invest in project Investment required $ 15,000 $ 15,000 Annual cash inflows $ 5,000 Single cash inflow at the end of 6 years $. 36,000 Life of the project 6 years 6 years The company's discount rate is 16% Click here to view Exhibit 148-1 and Exhibit 14B-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? Answer is complete but not entirely correct. 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.) Nel present value 7.108 3 Nogud Required 2 > Exercise 14-14 (Algo) Comparison of Projects Using Net Present Value [LO14-2] $ 15,000 6 years Labeau Products Limited, of Perth, Australia, has $15,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest in Project Invest in Project Investment required $ 15,000 Annual cash inflows $ 5,000 Single cash inflow at the end of 6 years $ 36,000 Life of the project 6 years The company's discount rate is 16% Click here to view Exhibit 148-1 and Exhibit 143-2. 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 dollar amount.) Net present value S (224)