Labeau Products, Limited, of Perth, Australia, has $32,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest in Project Invest in Project Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project The company's discount rate is 16%. Y $ 32,000 $ 32,000 $ 9,000 $ 60,000 6 years 6 years Click here to view Exhibit 12B-1 and Exhibit 12B-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? In the tahe helow.