If Bohemian Manufacturing Company's cost of capital is 13%, what is the NPV of the Spanish project? $172,704$211,082$191,893$201,488 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 will remain at 13%, what is the NPV of the Mexican project, using the replacement chain approach? $54,240$65,088$56,952$62,376 15. The replacement chain approach - Evaluating projects with unequal lives Evaluating projects with unequal lives Bohemian Manufacturing Company is a U.S. firm that wants to expand its business internationally. It is considering potential projects in both Spain and Mexico, and the Spanish project is expected to take six years, whereas the Mexican project is expected to take only three years. However, the firm plans to repeat the Mexican project after three years. These projects are mutually exclusive, so Bohemian Manufacturing Company's CFo plans to use the replacement chain approach to analyze both projects. The expected cash flows for both projects follow