Labeau Products, Ltd., of Perth, Australia, has $15,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest in Invest in Project X Project Y Investment required 15,000 15,000 Annual cash inflows 5,000 36,000 Single cash inflow at the end of 6 years Life of the project 6 years 6 years The company's discount rate is 16% Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables Required: a. Determine the net present values. Project X Project Y Net Present Value b. Which alternative would you recommend that the company accept? O Project X Project Y