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Labeau Products Ltd., of Perth, Australia has $55,000 to invest. The company is trying to decide between two alternate uses for the funds, as follows:

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Labeau Products Ltd., of Perth, Australia has $55,000 to invest. The company is trying to decide between two alternate uses for the funds, as follows: Investment Options Project X $ 55,000 19,000 Project Y $ 55,000 Initial Investment Annual cash inflows Single cash inflow at the end of 10 years Life of the project 10 years 250,000 10 years Labeau's discount rate for both projects is 17%. (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

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