tes Labeau Products, Limited, of Perth, Australia, has $26,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Investment required Annual cash inflows i Single cash inflow at the end of 6 years Life of the project The company's discount rate is 12%. Invest in Project X $ 26,000 Invest in Project Y $ 26,000 $ 8,000 $ 50,000 6 years 6 years Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using tables. 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? Complete this question by entering your answers in the tabs below. Required I Required 2 Required 3 Compute the net present value of Project Y. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) Net present value