Please show work on Excel with formulas.

Labeau Products, Ltd., of Perth, Australia, has $35,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest in Invest in Project X Project Y Investment required $35,000 $35,000 Annual cash inflows $12,000 Single cash inflow at the end of 6 years $90,000 Life of the project 6 years 6 years The company's discount rate is 18%. Required: 1. Compute the net present value of Project X. 2. Compute the net present value of Project Y. 3. Which project would you recommend the company accept