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Labeau Products, Limited, of Perth, Australia, has $11,000 to invest in one of the following two projects Investment required Annual cash inflows Single cash

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Labeau Products, Limited, of Perth, Australia, has $11,000 to invest in one of the following two projects Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project The company's discount rate is 15%. Project X Project Y $ 11,000 $ 11,000 $ 4,000 $ 25,000 6 years 6 years Click here to view Exhibit 14B-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 should the company accept? 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. Note: Round your final answer to the nearest whole dollar amount.

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