i only need req. 2

Labeau Products, Ltd., of Perth, Australia, has $26,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest Invest in in Project Project x $ 26,000 $ 26,000 $ 7,000 $50,000 6 years 6 years Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project The company's discount rate is 12% Click here to view Exhibit 13B-1 and Exhibit 13B-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