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Free Spirit Industries Inc. is a LLS. firm that wants to expand its business internationally. It is considering potential projecB in both Germany and Mexico, and the German 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 Free Spirit Industries Inc.'s CFO plans to use the replacement chain approach to analyze both projects. The expected cash flows for both projects follow: If Free Spirit Industries Inc.'s cost of Pro" I: German Pm" t: Mexican lac: I\": capital is 13%, what is the NW of the Year 0: -$200,000 Year 0: -$520,000 Gama" project? Year 1: $240,000 Year 1: $2?5,000 Year 2: $220,000 Year 2: $230,000 0 $131092 Yeara: $290,000 Year 3: $295,000 3 HOLE\" 161 233 Year 4: $250,000 $ ' 0 $211,624 Year 5: $130,000 Year 6: $110,000 Assuming that the Mexican project's cost and annual cash inows do not change when the project is repeated in three years and that the cost of capital will remain at 13%, what is the NW of the Mexican project, using the replacement chain approach? 0 $233,535 0 $251,439 0 $249,032 0 $224,133