Exercise 13-14 Comparison of Projects Using Net Present Value [LO13-2] Labeau Products, Ltd., of Perth, Australia, has $24,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest Invest in Project Project in Investment reqquired Annual cash inflows Single cash inflow at the end of 6 years Life of the project $24,000 24,000 $8,000 $44,000 6 years 6 years The company's discount rate is 14%. Click here to view Exhibit 13B-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