When comparing mutually exclusive projects that have unequal lives, all of the following are TRUE except which statement? Group of answer choices The EAA method cannot be used when the renewal investment and/or the cash flows change when a project's life is extended. In some situations, the EAA method can be easier to apply when compared to the replacement chain method. Use of the replacement chain method is only valid when it can be assumed that there is a high probability that a project can be repeated. In situations where both the replacement chain and the EAA methods can be used, they don't always agree as to which project should be selected.