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Exercise 12-14 Comparison of Projects Using Net Present Value (L012-2] Labeau Products, Ltd., of Perth, Australia, has $18,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project Invest in Invest in Prodect X Predest $ 18,000 $ 18,000 $ 2.000 $ 42,000 6 years 6 years The company's discount rate is 17% Click here to view Exhibit 128-1 and Exhibit 120.2. 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