Exercise $12-14($Algo$)$ Comparison of Projects Using Net Present Value $[$LO$12-2]$

Labeau Products, Limited, of Perth, Australia, has $$17,000$ to invest. The company is trying to decide between two alternative uses for

the funds as follows:

The company's discount rate is $17\%.$

Click here to view Exhibit $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using tables.

Required:

Compute the net present value of Project $x.$

Compute the net present value of Project $Y.$

Which project would you recommend the company accept?

Complete this question by entering your answers in the tabs below.

Required $1$

Compute the net present value of Project X$.($Negative amounts should be indicated by a minus sign. Round your final answer

to the nearest whole dollar amount.$)$

Net present value