value: 4.00 points Labeau Products, Ltd., of Perth, Australia, has $17,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest in Invest in ProjectX Project Y $17,000 $17,000 Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project $6,000 $40,000 6 years 6 years The company's discount rate is 17%. Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factors) using tables. Required: a. Determine the net present values. (Any cash outflows should be indicated by a minus sign. Round discount factor(s) to 3 decimal places.) 4. Project X: Initial investment Annual cash inflows Total cash flows Discount factor (17%) Present value Net present value O $ 0 $ O $ 0 $ 0 $ O S 0 $ 0 $ 0 $ 0 $ ProjectY Initial investment Single cash inflows Total cash flows Discount factor (17%) Present value Net present value O $ O $ 0 $ O S O $ 0 S 0 $ O $ 0 $ b. Which alternative would you recommend that the company accept? ProjectX Project Y