Exercise $14-14($Algo$)$ Comparison of Projects Using Net Present Value $[$L$014-2]$

Labeau Products, Limited, of Perth, Australia, has $$18,000$ to invest in one of the following two projects:

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

Click here to vlew Exhibit $148-1$ and Exhlbil $148-2,$ to determine the eppropriate discount factor$($s$)$ using tables:

Required:

Compute the net present value of Project $x.$

$2$ 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.

Required $1.$

Compute the net present value of Project $x.$

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