Labeau Products Ltd., of Perth, Australia, has $42,000 to invest. The company is trying to decide between two alternative uses for the funds, as follows:

Investment Options Project X Project Y Initial Investment $ 42,000 $ 42,000 Annual cash inflows 12,500 Single cash inflow at the end of 10 years 185,000 Life of the project 10 years 10 years

Labeaus 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.)