Exercise 12-14 (Algo) Comparison of Projects Using Net Present Value [LO12-2] Labeau Products, Limited, of Perth, Australia, has $21,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest in ProjectInvest in Project Investment required Annual cash inflows. Single cash inflow at the end of 6 years Life of the project The company's discount rate is 15% X Y $21,000 $5,000 $ 21,000 $40,000 6 years) 6 years Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using tables Required: 1. Compute the net present value of Project X 2. Compute the net present value of Project Y 3. Which project would you recommend the company accept? Complete this question by entering your answers in the tabs below.