Question #8 (8 marks) Labeau Products, Ltd. of Perth, Australia has $35,000 to invest. The company is trying to decide between two alternate 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 $35,000 $35,000 9,000 $150,000 10 years 10 years I Labeau's discount rate for both projects is 8%. Required: (Ignore income taxes.) Which alternative would you recommend that the company accept? Show all computations using the net present value approach. Prepare separate computations for each project