Exercise 13-14 Comparison of Projects Using Net Present Value (LO13-2) Labeau Products, Ltd., of Perth, Australia, has $35,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest Invest in in Project Project Y $ 35,000 $35,000 $ 12,000 $ 90,000 6 years 6 years Investment required Annual cash inflown Single cash inflow at the end of 6 years Life of the project The company's discount rate is 18% Click here to view Exhibit 138.1 and Exhibit 13B-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. Required 1 Required 2 Required 3 Compute the net present value of Project X. (Round your final answer to the nearest whole dollar amount.) Net present Value Required 2 >