Exercise 12-14 Comparison of Projects Using Net Present Value (L012-2] 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 Invest in in Project Project Y Investment required $ 12,000 $12,000 Annual cash inflows $ 5,000 Single cash inflow at the end of 6 $ 30,000 years Life of the project 6 years 6 years The company's discount rate is 18%. Click here to view Exhibit 123.1 and Exhibit 120.2. 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