Labeau Products, Ltd., of Perth, Australia, has $16,000 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 16,000 16,000 5,000 Annual cash inflows Single cash inflow at the end of 6 years 35,000 Life of the project 6 years 6 years The company's discount rate is 15%. Click here to viewExhibit 11B-1 and Exhibit 113-2, to determine the appropriate discount factor(s) using tables Required a. Determine the net present values. Project Y Project X Net Present Value b. Which alternative would you recommend that the company accept? O Project X Project Y