Labeau Products, Ltd., of Perth, Australia, has $35,000 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 $ 35,000 $ 35,000 Annual cash inflows $ 12,000 Single cash inflow at the end of 6 years $ 90,000 Life of the project 6 years 6 years The companys discount rate is 18%. Click here to view Exhibit 8B-1 and Exhibit 8B-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. Round discount factor(s) to 3 decimal places.) b. Which alternative would you recommend that the company accept? Project X Project Y