(Answered) Labeau products ltd of perth australia has 24000 to invest

Accounting

Labeau Products, Ltd., of Perth, Australia, has $24,000 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	$24,000	$24,000
Annual cash inflows	$8,000
Single cash inflow at the end of 6 years	$44,000
Life of the project	6 years	6 years

The company's discount rate is 14%.

Determine the appropriate discount factor(s) using tables.

Required:

a. Determine the net present values. (Any cash outflows should be indicated by a minus sign. Round discount factor(s) to 3 decimal places.)

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