Exercise 12-14 Comparison of Projects Using Net Present Value [LO12-2] Labeau Products, Ltd. of Perth, Australia, has $13,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: 46 Investment required Annual cash inflows Single cash inflow at the end of 6 years Life of the project Invest in Invest in Project x Project Y $ 13,000 $ 13,000 $5,000 $ 30,000 6 years 6 years es The company's discount rate is 15% Click here to view Exhibit 128.1 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? Required 1 Required 2 Required 3 Compute the net present value of Project X. (Negative amount should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) Net present value Required 2 > Required 1 Required 2 Required 3 Compute the net present value of Project Y. (Negative amount should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) Net present value