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 Invest in Project X Project Y Investment required 35,000 35,000 12,000 Annual cash inflows $90,000 Single cash inflow at the end of 6 years Life of the project 6 years 6 years The company's discount rate is 18%. Click here to view Exhibit 13B-1 and Exhibit 13B-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.) Now 1 2 3 4 5 Project X: Initial investment 12,000 Annual cash inflows 0 0 0 0 0 12,000 Total cash flows Discount factor (18%) 0 0 0 0 0 0 0 Present value Net present value Project Y Initial investment 90,000 Single cash inflows 0 0 0 0 0 0 90,000 Total cash flows Discount factor (18%) 0 0 0 0 0 0 0 Present value Net present value