Labeau Products, Limited, of Perth, Australia, has $$29,000$ 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 Exhibit $12$B$-1$ and Exhibit $12$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 would you recommend the company accept?