Labeau Products, Limited, of Perth, Australia, has $$17,000$ to invest in one of the following two projects:

The company's discount rate is $17\%.$

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using tables.

Required:

Compute the net present value of Project $x.$

Compute the net present value of Project $Y.$

Which project should the company accept?