Labeau Products, Limited, of Perth, Australia, has $12,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest in Project X Invest in Project Y Investment required 1: 12,666 $ 12,666- Annual cash inflows $ 4,666 Single cash inflow at the end of 5 years :5 28,666 Life of the project 6 years 5 years The company's discount rate is 16%. Click here to View Exhibit 148-1 and Exhibit 143-2. 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