The Mexican project is only a three-year project; however, your company plans to repeat the project after three years. The Mexican project is expected to produce the following cash flows: Because the projects have unequal lives, you have decided to use the replacement chain approach to evaluate them. You have determined that the appropriate cost of capital for both projects is 11%. Assuming that the Mexican project's cost and annual cash inflows do not change when the project is repeated in three years and that the cost of capital remains at 11%, answer the following questions: The NPV of the Italian project is: $558,432 $531,840$505,248 $452,064 The NPV of the Mexican project is: $288,280 $301,384 $262,073 $248,969