Evaluating projects with unequal lives RTE Telecomm is a U.S. firm that wants to expand its business internationally. It is considering potential projects in both Italy and Canada, and the Italian 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 vears. These projects are mutually exclusive, so RrE Telecomm's CFo plans to use the replacement chain approach to aralyze both projects. The expected cash flows for both projects follow: If RTE Telecomm's cost of capital is 10%, what is the NPV of the Italian project? $451,198 $535,797 3563,997 3592,197 Assuming that the Canadian project's cost and annual cash inflows do not change when the project is repeated in three years and that the cost of capital wili remain at 10%, what is the NPV of the Canadian project, using the replacement chain approach? $00,010 4+00,009 $115,114 $110,100