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 Project X Invest in Project Y Investment required $21,000 $21,000 Annual cash inflows $8,000 Single cash inflow at the end of 6 years $50,000 Life of the project 6 years 6 years The company's discount rate is 18%. Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables. Required: Determine the net present values. Which alternative would you recommend that the company accept? Project X Project Y