Labeau Products, Limited, of Perth, Australia, has $28,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Investment required Annual cash inflows Invest in Project X $ 28,000 Invest in Project Y $ 28,000 $ 8,000 Single cash inflow at the end of 6 years $ 65,000 Life of the project 6 years 6 years The company's discount rate is 16%. 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 would you recommend the company accept? Answer is complete but not entirely correct. 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. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.)