RTE Telecomm is a U.S. firm that wants to expand its business internationally. It is considering potential projects in both Italy and Mexico, and the Italian 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 RTE Telecomm's CFO plans to use the replacement chain approach to analyze both projects. The expected cash flows for both projects follow: If RTE Telecomm's cost of capital is 12%, what is the NPV of the Italian project? $182,606 $202,895 $162,316 $192,750 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 12%, what is the NPV of the Mexican project, using the replacement chain approach? $308,856 $323,564 $294,149 $264,734