Cold Duck Manufacturing Inc. is a U$.$S$.$ firm that wants to expand its business internationally. It is considering potential projects in both France and Canada, and the French project is expected to take six years, whereas the Canadian project is expected to take only three years. However, the firm plans to repeat the Canadian project after three years. These projects are mutually exclusive, so Cold Duck Manufacturing Inc.$$s CFO plans to use the replacement chain approach to analyze both projects. The expected cash flows for both projects follow:

Project:

French

Year $0$: $$$$800,000$

Year $1$: $$380,000$

Year $2$: $$400,000$

Year $3$: $$420,000$

Year $4$: $$375,000$

Year $5$: $$110,000$

Year $6$: $$85,000$

Project:

Canadian

Year $0$: $$$$475,000$

Year $1$: $$225,000$

Year $2$: $$235,000$

Year $3$: $$255,000$

If Cold Duck Manufacturing Inc.$$s cost of capital is $10\%,$ what is the NPV of the French project?

$$620,397$

$$451,198$

$$592,197$

$$563,997$