EXERCISE 7-14 Comparison of Projects Using Net Present Value L07-2 Labeau Products, Ltd., of Perth, Australia, has $35,000 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 $35,000 $35,000 $12.000 Investment required Annual cash inflows ..... Single cash inflow at the end of 6 years. Life of the project. $90,000 6 years 6 years The company's discount rate is 18%. 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