Labeau Products, Ltd., of Perth, Australia, has $24,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest Invest in in Project Project Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project $ 24,000 $ 24,000 $ 8,000 $ 44,000 6 years 6 years The company's discount rate is 14%. 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