Evaluating projects with unequat tives Elue Elk Manufacturing is a U.S. firm that wants to expand its business internationally. It is considering potential projects in both Germany and Thailand, and the German project is expected to take six years, whereas the Thal 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 Blue Eik Manufacturing's cFo plans to use the replscement chain approach to analyze both projects. The expected cash flows for both projects follow: If Blue Eik Manufacturing's cost of capital is 13%, what is the NPV of the German project? $153,514 $163,109 $191,893 $172,704 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 13%, what is the NPV of the Thal project, using the replacement chain approach? 548,816 $51,528 $56,952 554,240