Labeau Products, Ltd., of Perth, Australia, has $18,000 to invest. The company is trying to decide between two alternative uses for the funds as follows:

Investment Required X & Y: $18,000

Annual cash flows X: $7000 Y: 0

Single cash flow at the end of 6 years X: 0 Y: $41,000

Life of the project for X & Y: 6 years

The companys discount rate is 17%.

(1) Determine the net present value. (Round your answer to the nearest dollar amount. The negative amount should be indicated by a minus sign. Omit the "$" sign in your response.)

Net Present Value:

Project X

Project Y

2) Which investment would you recommend that the company accept?