Labeau Products, Ltd., of Perth, Australia, has $25,000 to invest. The company is trying to decide between two alternative uses for the funds as follows Invest in Project X $25,000 $ 8,000 Invest in Project Y $25,000 Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project $60,000 6 years 6 years The company's discount rate is 16%. Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables Required: a. Determine the net present values. (Any cash outflows should be indicated by a minus sign. Use the appropriate table to determine the discount factor(s).) 4. Project X: Initial investment Annual cash inflows Total cash flows Discount factor (16%) Present value Net present value 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ Project Y: Initial investment Single cash inflows Total cash flows Discount factor (16%) Present value Net present value 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $