Exercise 14-14 (Algo) Comparison of Projects Using Net Present Value (L014-2) 26-33 ok Labeau Products, Limited, of Perth, Australia, has $18,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: Invest in Project x Invest in Project Y Investment required $ 18,000 $ 18,000 Annual cash inflows $ 7,000 Single cash inflow at the end of 6 years $ 41,000 Life of the project 6 years 6 years The cor pany's discount rate is 17% Click here to view Exhibit 148-1 and Exhibit 14B-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? ht nces 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. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) Not present value Required Required 2 >