Labeau Products, Ltd., of Perth, Australia, has $34,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest in Project $ 34,000 $ 9,000 Invest in Project Y $34,000 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 14%. 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. Project X Project Y Net Present Value b. Which alternative would you recommend that the company accept? O Project X O Project Y