EXERCISE 10-3 Performing NPV Analysis of Competing Projects [800 - 207] Deep West Ltd. ( DWL ) , of Perth , Australia , has $ 40,000 to invest . The company is trying to decide between two alternative uses for the funds , as follows : Investment Options Project X Project Y Initial investment $ 40,000 0 deg * 0ts Annual cash inflows 9,000 Single cash inflow at the end of 10 years 150,000 Life of the project 10 years 10 years DWL's discount rate for both projects is 18 % . Required : ( Ignore income taxes . ) Which alternative would you recommend that the company accept ? Show all computations using the net present