Savory Seafood Inc. is a U.S. firm that wants to expand its business internationally. It is considering potential projects in both Germany and Canada, and the German 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 years. These projects are mutually exclusive, so Savory Seafood Inc.'s CFO plans to use the replacement chain approach to analyze both projects. The expected cash flows for both projects follow: German Project: Year 0: -$650,000 Year 1: $220,000 Year 2: $240,000 Year 3: $245,000 Year 4: $ 270,000 Year 5: $120,000 Year 6: $100,000 Project: Year 0: Canadian -$475,000 Year 1: $225,000 $ 235,000 Year 2: Year 3: $255,000 If Savory Seafood Inc.'s cost of capital is 12%, what is the NPV of the German project? O $182,237 $212,609 O $172,112 S202,485 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 will remain at 12%, what is the NPV of the Canadian project, using the replacement chain approach? O $154,062 O $186,496 O $162,170 O $170,279