Exercise 14-14 (Algo) Comparison of Projects Using Net Present Value (LO14-2] Labeau Products, Ltd. of Perth, Australia, has $17,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: 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 $ 17,000 5 17.000 $ 6,000 $ 40,000 6 years 6 years The company's discount rate is 17% Click here to view Exhibit 148.1 and Exhibit 148.2. 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