Exercise 11-11 Comparison of Projects Using Net Present Value LO11-2] Labeau Products, Ltd., of Perth, Australia, has $12,000 to invest. The company is trying to decide between two alternative uses for the funds as follows Invest in Invest in Project XProjectY 12,000 12,000 Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project $ 4,000 $28,000 6 years 6 years The company's discount rate is 16% Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables Required: a. Determine the net present values Project X Project Y Net Present Value b. Which alternative would you recommend that the company accept? O Project X O Project Y