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

Labeau Products, Limited, of Perth, Australia, has $$17,000$ to invest in one of the following two projects:

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

Click here to view Exhibit $14$B$-1$ and Exhibit $14$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 should the company accept?

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

Compute the net present value of Project X$.$

Note: Round your final answer to the nearest whole dollar amount.

Net present value