Exercise 7-14 (Algo) Comparison of Projects Using Net Present Value [LO7-2] Labeau Products, Limited, of Perth, Australia, has $25,000 to invest. The company is trying to decide between two alternative uses fo the funds as follows: The company's discount rate is 16%. Click here to view and Exhibit 7B-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. Compute the net present value of Project X. Note: Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount