13. The replacement chain approach- Evaluating projects with unequal lives Aa Evaluating projects with unequal lives y is considering starting a new project in either Germany or Mexico these projedts are mutually exclusive, so your boss has asked you to analyze the projects and then tell her which project will reate more value for the company's stockholders The German project is a six-year project that is The Mexican project is only a three- year project; however, your expected to produce the following cash flows:company plans to repeat the project after three years. The Mexican projet is expected to produce the following cash flows: Project: German Project Mexican Year o $520,000 year 1: $275,000 Year o: -4975,000 year it $350,000 Year 2 $370,000 Yer $390000 Yem 4 $320,000 Year 5: 115,000 year s 180,000 vear 3 $295.000 to une the mpacement chain approach to evaluate them. You heve determined that projects s eAwuming that the htexican projet s cost and annual cash inflows do not change when eeciuse the projects have wnequal lives, you heve cesicec the project is repeated inthree years and that the ost of capital enam at 13%, fill out the rotowing table NOMICENin preject