Labeau Products Ltd., of Perth, Australia, has $122,500 to invest. The company is trying to decide between two alternative uses for the funds. The alternatives follow: Invest in Project x $122,500 31,500 Invest in Project Y $122,500 - Investment required Annual cash inflows Single cash inflow at the end of 10 years Life of the project 10 years 525,000 10 years The company's discount rate is 16%. Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables. Required: Calculate the net present value for each project. (Negative amounts should be indicated with a minus sign. Round discount factor(s) to 3 decimal places and final answers to the nearest dollar amount.) Net Present Value Required: Calculate the net present value for each project. (Negative amounts should be indicated with a minus sign. Round discount factor(s) to 3 decimal places and final answers to the nearest dollar amount.) Net Present Value Project X Project Y Which alternative would you recommend that the company accept? O Project Y O Project X