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Labeau Products, Limited, of Perth, Australia, has $13,000 to invest. The company is trying to decide between two alternative uses for the funds as follows:

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Labeau Products, Limited, of Perth, Australia, has $13,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: The company's discount rate is 15%. Click here to view and 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? Compute the net present value of Project X. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) Compute the net present value of Project Y. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.)

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