Labeau Products, Limited, of Perth, Australia, has $26,000 to invest in one of the following two projects: Project X Project Y Investment required $ 26,000 $ 26,000 Annual cash inflows $ 7,000 Single cash inflow at the end of 6 years $ 50,000 Life of the project 6 years 6 years The companys discount rate is 12%. Click here to view Exhibit 14B-1 and Exhibit 14B-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?

Exercise 14-14 (Algo) Comparison of Projects Using Net Present Value [LO14-2] -abeau Products, Limited, of Perth, Australia, has $26,000 to invest in one of the following two projects: The company's discount rate is 12%. Click here to view 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. Compute the net present value of Project X. Note: Round your final answer to the nearest whole dollar amount. Complete this question by entering your answers in the tabs below. Compute the net present value of Project Y. Note: Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount