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 XInvest in Project YInvestment 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 companys discount rate is $16\%.$ Click here to view Exhibit $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using tables. Required:$1.$ Compute the net present value of Project X$\mathrm{.}2.$ Compute the net present value of Project Y$\mathrm{.}3.$ Which project would you recommend the company accept?