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Labeau Products Lad, of Perth, Australia, has $55,000 to invest. The company is trying to decide between two alternative uses for the funds, as

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Labeau Products Lad, of Perth, Australia, has $55,000 to invest. The company is trying to decide between two alternative uses for the funds, as follows: Investment Opt Lons Project X Project Y Initial Investment Annual cash inflows $55,000 19,000 $55,000 Single cash inflow at the end of 10 years 250,000 Life of the project 10 years 10 years Labeau'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). Not Present Value Project X Project Y

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