Labeau Products, Ltd., of Perth, Australia, has $21,000 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 $ 21,000 21,000 Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project $ 8,000 $ 50,000 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 Required: a. Determine the net present values. Project X Project Y Net Present Value b. Which alternative would you recommend that the company accept? Project X Project Y