Labeau Products, Ltd., of Perth, Australia, has $20,000 to invest. The company is trying to decide between two alternative uses for the funds as follows Invest Invest Project Project $20,000 $20,000 $50,000 Investment required Annual1 cash inflows Single cash inflow at the end of 6 years Life of the project $ 8,000 6 years 6 years The company's discount rate is 18% Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables Required: 1. Compute the net present value of Project X 2. Compute the net present value of Project Y. 3. Which project would you recommend the company accept? Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Compute the net present value of Project X. (Negative amount should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) Net present value