再问个资本预算的题目，麻烦了，呵呵

Which of the following statements about mutually exclusive projects with unequal lives is FALSE?
   
A) The replacement chain approach assumes continuous replacements can and will be made each time the asset's life ends.

   
B) In comparing mutually exclusive projects with unequal lives, you should always choose the project which has the highest NPV.

   
C) For comparing mutually exclusive projects with unequal lives, replacement chain analysis leads to the same decision as obtained by calculating the equivalent annual annuity.

   
D) Mutually exclusive projects sometimes have long and different lives, which makes applying the replacement chain method difficult because the lowest common denominator is very large. The equivalent annual annuity is a substitute method that uses the annuity concept to value a project's cash flows.