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: Investment Options Project X $ 35,000 Project Y $ 35,000 Initial Investment 9,000 Annual cash inflows Single cash inflow at the end of 10 years Life of the project -I 150,000 10 years 10 years Labeau's discount rate for both projects is 18%. (Ignore income taxes.) Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables. Required: Determine the net present value. (Negative amounts should be indicated with a minus sign. Round discount factor(s) to 3 decimal places.) Net Present Value Project x Project Y Which alternative would you recommend that the company accept? Project X Project Y