Exercise 14-14 (Algo) Comparison of Projects Using Net Present Value [LO14-2] Labeau Products, Ltd., of Perth, Australia, has $28,000 to Invest. The company is trying to decide between two alternative uses for the funds as follows: Invest Invest in in Project Project Investment required Annual cash in love Single cash inflow at the end of 6 years Life of the project $28,000 $28,000 $ 8,000 $ 40,000 6 years 6 yrs The company's discount rate is 10% Click here to view Exhibit 14B-1 and Exhibit 140-2. 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 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.) Net present Valo Required 2 > Required 1 Required 2 Required 3 Compute the net present value of Project Y. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) Net present valco Complete this question by entering your answers in the tabs below. Required 1 Required 2 Resuired 3 Which project would you recommend the company accept? O Project X O Project Y