Labeau Products Ltd., of Perth, Australia, has $43,000 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	$ 43,000		$ 43,000
Annual cash inflows	13,000
Single cash inflow at the end of 10 years			190,000
Life of the project	10 years		10 years

Labeaus discount rate for both projects is 20%. (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

Please solve as soon as possible. I have only 30mins left for the test

EXHIBIT 10-1 Present Value of $1 FR P= (1 + r)" Period 45 SSE 35 10% 125 14% 16% 18% 205 225 245 26% 28% 30% 40% 1 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.362 0.847 0.833 0.820 0.506 0.794 0.751 0.769 0.714 2 0.925 0.907 0.890 0.857 0.826 0.797 0.769 0.743 0.718 0.694 0.672 0.650 0.630 0.610 0.592 0.510 0.859 0.564 0.840 0.794 0.751 0.712 0.675 0.6+1 0.609 0.579 0.551 0.524 0.500 0.477 0.455 0.367 + 0.693 0.636 0.592 0.552 0.5 16 0.+52 0.51 0.423 0.397 0.373 0.350 0.260 0.621 0.567 0.519 0.476 0.437 0.402 0.269 0.196 5 6 0.855 0.823 0.792 0.735 0.822 0.784 0.747 0.651 0.790 0.746 0.705 0.630 0.760 0.711 0.665 0.583 0.56+ 0.507 0.456 0.410 0.370 0.335 0.207 0.133 7 0.513 0.452 0.400 0.354 0.31+ 0.279 0.159 0.095 09 0.731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0.233 0.123 0.068 0.370 0.341 0.315 0.291 0.303 0.275 0.250 0.227 0.249 0.222 0.198 0.178 0.204 0.179 0.157 0.139 0.167 0.144 0.125 0.108 0.137 0.116 0.099 0.085 0.112 0.094 0.079 0.066 0.092 0.076 0.062 0.052 9 0.703 0.645 0.592 0.500 0.424 0.361 0.305 0.263 0.225 0.194 0.094 0.045 0.676 0.614 0.555 0.463 0.356 0.322 0.270 0.227 0.191 0.162 0.073 0.035 10 1 0.650 0.555 0.527 0.429 0.350 0.257 0.237 0.195 0.162 0.135 0.056 0.025 12 0.625 0.553 0.497 0.397 0.319 0.257 0.208 0.168 0.137 0.112 0.043 0.015 13 0.601 0.530 0.145 0.116 0.093 0.075 0.061 0.050 0.040 0.033 0.013 14 0.573 0.505 0.125 0.099 0.078 0.062 0.049 0.039 0.032 0.025 0.009 15 0.355 0.461 0.105 0.05+ 0.065 0.051 0.040 0.031 0.025 0.020 0.006 0.469 0.368 0.290 0.229 0.182 0.142 0.340 0.263 0.205 0.160 0.417 0.315 0.239 0.163 0.140 0.394 0.292 0.215 0.163 0.123 0.371 0.270 0.198 0.146 0.10S 0.350 0.250 0.150 0.130 0.095 16 0.534 0.458 0.093 0.071 0.054 0.042 0.032 0.025 0.019 0.015 0.005 0.012 0.003 17 0.513 0.436 0.000 0.060 0.045 0.034 0.026 0.020 0.015 IS 0.494 0.416 0.069 0.051 0.03S 0.025 0.021 0.016 0.012 0.009 0.002 19 0.475 0.396 0.331 0.232 0.164 0.116 0.083 0.060 0.043 0.031 0.009 0.007 0.002 0.023 0.019 0.017 0.012 0.014 0.010 20 0.456 0.377 0.312 0.215 0.149 0.104 0.051 0.037 0.026 0.007 0.005 0.001 0.073 0.064 21 0.439 0.359 0.294 0.199 0.135 0.093 0.044 0.031 0.022 0.015 0.011 0.005 0.006 0.004 0.001 ST 0.422 0.342 0.278 0.15+ 0.123 0.083 0.056 0.035 0.026 0.018 0.013 0.009 0.006 0.004 0.003 0.001 23 0.406 0.320 0.262 0.170 0.112 0.074 0.049 0.033 0.022 0.015 0.010 0.007 0.005 0.003 0.002 0.002 24 0.390 0.310 0.247 0.158 0.102 0.066 0.043 0.028 0.019 0.013 0.005 0.006 0.004 0.003 25 0.092 0.059 0.038 0.024 0.016 0.010 0.007 0.005 0.003 0.002 0.001 0.054 0.000 0.002 0.001 0.375 0.295 0.233 0.146 0.361 0.251 0.220 0.135 0.347 0.265 0.207 0.125 0.333 0.255 0.196 0.116 27 0.076 0.005 0.004 0.002 0.003 0.002 0.002 0.002 0.001 0.001 0.053 0.033 0.021 0.014 0.009 0.047 0.029 0.018 0.01 0.007 0.042 0.026 0.016 0.010 0.006 0.037 0.022 0.014 0.005 0.005 0.069 0.004 0.001 0.001 $ 8 8 8 8 0.321 0.243 0.135 0.107 0.063 0.003 0.002 0.001 0.001 0.305 0.231 0.174 0.099 0.057 0.033 0.020 0.012 0.007 0.004 0.003 0.002 0.001 0.001 0.208 0.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 EXHIBIT 10-2 Present Value of an Annuity of $1 1 P. 12 + Period 4% 5% 6% S% 10% 22% 24% 26% 28% 30% 405 1 0.962 0.952 0.943 0.926 0.909 0.820 0.506 0.794 0.781 0.769 0.714 2 1.SS6 1.359 1.833 1.783 1.736 1.492 1.457 1.424 1.392 1.361 1.224 3 2.775 2.723 2.673 2.577 2.487 12% 14% 16% 18% 20% 0.893 0.877 0.862 0.847 0.833 1.690 1.647 1.605 1.566 1.528 2.402 2.322 2.246 2.174 2.106 3.037 2914 2.795 2.690 2.589 3.605 3.433 3.274 3.127 2.991 4.111 3.889 3.655 3.498 3.326 2.042 1.981 1.516 1.569 1.923 1.565 2.320 2.241 4 3.630 3.546 3.465 3.312 3.170 2.494 2.404 2.166 1.579 5 4.432 4.330 4.212 3.993 3.791 2.864 2.745 2.635 2.532 2.436 2.035 6 5.242 5.076 4917 4.623 7.355 3.167 3.020 2.535 2.759 2.643 2.168 7 6.002 5.756 5.582 5.206 4.56S 4.564 4.255 4.039 3.812 3.605 3.416 3.242 3.053 2.937 2.502 2.263 8 6.733 6.463 6.210 5.747 5.335 4.965 4.639 4.344 4.078 3.537 3.619 3.421 3.241 3.076 2.925 2.331 9 7.435 7.10S 6.S02 6.247 5.759 5.328 4.946 4,607 4.303 4.031 3.756 3.566 3.366 3.184 3.019 2.379 10 S.111 7.722 7.360 6.710 6.145 5.650 5.216 4.333 4.494 4.192 3.923 3.662 3.465 3.269 3.092 2.414 Il 8.760 5.306 7.587 7.139 6.495 5.938 4.656 4.327 4.035 3.776 3.544 3.335 3.147 2.435 5.453 5.029 5.660 5.197 12 9.335 S.363 8.354 7.536 6.814 6.194 4.793 4.439 4.127 3.551 3.606 3.387 3.190 2.456 13 9.986 9.394 S.553 7.904 7.103 6.424 5.5+2 5.342 4.910 4.533 4.203 3.912 3.656 3.427 3.223 2.469 14 10.563 9.999 9.295 8.244 7.367 6.628 6.002 5.465 5.00S 4.611 4.265 3.962 3.695 3.459 3.249 2.477 15 11.11S 10.350 9.712 8.559 7.606 6.511 6.142 5.575 5.092 4.675 4.315 4.001 3.726 3.453 3.268 2.464 16 11.652 10.838 10.106 8.551 7.524 6.974 6.265 5.669 5.162 4.730 4.357 4.033 3.751 3.503 3.283 2.489 17 12.166 11 274 10.477 9.122 S.022 7.120 6.373 5.749 5.222 4.775 4.391 4.059 3.771 3.515 3.295 2.492 IS 12.659 11.690 10.528 9.372 3.201 7.250 6.467 5.815 5.273 4.312 4.419 4.050 3.786 3.529 3.304 2.494 19 13.134 12.055 11.155 9.604 S.365 7.366 6.550 5.877 5.316 4.344 4.442 4.097 3.799 3.539 3.311 2.196 20 13.590 12.462 11.470 9.518 8.514 7.469 6.623 5.929 5.353 4.370 4.+60 4.110 3.305 3.546 3.316 2.497 21 14.029 12.821 11.76+ 10.017 5.619 7.562 6.687 5.973 5.354 4.391 4.476 4.121 3.816 3.551 22 14.451 13.163 12.042 10.201 3.320 2.495 3.323 2.495 3.325 2.499 23 14.557 13.459 12.303 10.371 24 15.247 13.799 12.550 10.529 3.327 2.499 25 15.622 14.094 12.783 10.675 4.909 4.455 +.130 3.522 3.556 4.925 4.499 4.137 3.527 3.559 4.937 4.507 +.143 3.531 3.562 4.945 +514 +.147 3.534 3.567 4.956 4520 4.151 3.537 3.566 4.964 4.525 +.154 3.539 3.567 4.970 4.528 4.157 3.840 3.565 3.329 2.199 26 15.983 14.375 13.003 10.SIO 3.330 3.772 7.645 6.743 6.011 5.410 S.SS3 7.718 6.792 6.044 5.432 8.955 7.754 6.535 6.073 5.451 9.077 7.543 6.873 6.097 5.467 9.161 7.896 6.906 6.115 5.450 9.237 7.943 6.935 6.136 5.492 9.307 7.984 6.961 6.152 5.502 9.370 S.022 6.953 6.166 5.510 9.427 5.055 7.003 6.177 5.517 9.779 5.244 7.105 6.234 5.545 2.500 27 16.330 14.643 13.211 10.935 3.331 2.500 2S 16.663 14.39S 13.406 11.051 3.331 2.500 29 16.934 15.1+1 13.591 11.158 4.975 4.531 4.159 3.841 3.569 3.332 2.500 30 17.292 15.373 13.765 11.255 4.979 4.534 4.160 3.842 3.569 3.332 2.500 40 19.793 17.159 15.046 11.923 4.997 4.544 4.166 3.846 3.571 3.333 2.500