Labeau Products Ltd., of Perth, Australia, has $45,000 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 10 years Life of the project Investment Options Project x Project Y $ 45,000 $ 45,000 14,000 190,000 10 years 10 years Labeau's discount rate for both projects is 16%. (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