1st one options are 202895, 213040,172461,182606

15. The replacement chain approach Evaluating projects with unequal lives Aa Aa Evaluating projects with unequal l Your company is considering starting a new project in either Spain or Thailand-these projects are mutually exclusive, so your boss has asked ou to analyze the projects and then tell her which project will create more value for the company's stockholders. The Spanish project is a six-year project that is expected to produce the following cash flows The Thai project is only a three-year project; however, your company plans to repeat the project after three years. The Thai project is expected to produce the following cash lows Project: Spanish Year 0: -$1,120,DDD Year 1: Year 2: $39D,ODD Year 3 $420,000 Year 4: Year 5: Year 6: Project: Thai Year 0: 530,0DD Year $280,00D Year 2: $29D,0DD Year 3: $310,00D $370,000 $330,0DD $220,000 $95,000 Because the projects have unequal lives, you have decided to use the replacement chain approach to evaluate them. You have debermined that the appropriate cost of capital for both projects is 12%. 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 remains at 12%, fill out the following table: NPV Spanish project: NPV Thai project: $294,149 $308,856 $323,564 $279,442