Exercise 12-14 Comparison of Projects Using Net Present Value (L012-2) in Labeau Products, Ltd., of Perth, Australia, has $25,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest Invest in Project Project Investment required $ 25,000 $25,000 Annual cash inflows $ 8,000 Single cash inflow at the end of 6 years $ 60,000 Life of the project 6 years 6 years The company's discount rate is 16% Click here to view Exhibit 12B-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