The company VAE has estimated a cost of capital of 22% per year and expects the following net present values per life cycle for each of the following projects: Project one NPV = 120.00 and with a life cycle of 5 years; Project two NPV = 140,000 with a life cycle of 10 years; and project three NPV = 150,000 with a life cycle of 14 years. If it is considered that at the end of each life cycle the project can be carried out again, the selected project would be:

to. Three VAE = 35,174

b. Two VAE = 33,685

c. Three VAE = 150,000

d. One VAE = 41.905