Evaluating projects with unequal lives RTE Telecom Inc. is a U.S. firm that wants to expand its business internationally. It is considering potential projects in both France and Thailand, and the French project is expected to take six years, whereas the Thai project is expected to take only three years. However, the firm plans to repeat the Thai project after three years. These projects are mutually exclusive, So RTE Telecom Inc.'s CFO plans to use the replacement chain approach to Project: Year 0: Year 1: Year 2: French -$975,000 $350,000 $370,000 $390,000 $320,000 $115,000 $80,000 Year 3: Year 4: Year 5: Year 6: Project: Year 0: Year 1: Thai --$530,000 $280,000 $290,000 $310,000 Year 2: Year 3: If RTE Telecom Inc.'s cost of capital is 11%, what is the NPV of the French project? $259,972 $235,212 $247,592 Assuming that the Thai project's cost and annual cash inflows do not change when the project is repeated in three years and that the cost of capital will remain at 11%, what is the NPV of the Thal project, using the replacement chain approach? $366,902 $350,950 $382,854 $319,045