Exercise 12-14 Comparison of Projects Using Net Present Value (LO12-2] 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 Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project Project Project X $ 12,000 $ 12,000 $ 4,000 $ 28,000 6 years 6 years The company's discount rate is 16%. Click here to view Exhibit 12B-1 and Exhibit 12B-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