Labeau Products, Ltd., of Perth, Australia, has $14,000 to invest. The company is trying to decide between two alternative uses for the funds as follows Invest in Invest in Project XProject Y $14,000 $14,000 Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project $ 5,000 $35,000 6 years 6 years The company's discount rate is 18% Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables Required a. Determine the net present values. (Any cash outflows should be indicated by a minus sign. Use the appropriate table to determine the discount factor(s).) Now 4 Project X: Initial investment Annual cash inflows Total cash flows Discount factor (18%) Present value Net present value Project Y Initial investment Single cash inflows Total cash flows Discount factor (18%) Present value Net present value