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Labeau Products Ltd. of Perth, Australia, has $39,000 to invest. The company is trying to decide between two alternative uses for the funds, as follows

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Labeau Products Ltd. of Perth, Australia, has $39,000 to invest. The company is trying to decide between two alternative uses for the funds, as follows Initial Investment Annual cash inflows Single cash inflow at the end of 18 years Life of the project Investment options PradectX Protect Y $ 39, eee $ 19,000 11,000 170,000 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(a) using tables. Required: Determine the net present value. (Negative amounts should be indicated with a minus sign. Round discount factor(a) to 3 decimal places) Not Present Value Project X Project which alternative would you recommend that the company accept? O Project X O Project Y

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