1, 2 and 3 please

1) Which of the following statements Is FALSE? 1. When a company's borrowing to finance a project is set according to a predetermined schedule, the interest tax shields on this debt should be discounted using the unlevered cost of capital. 2. With a constant interest coverage policy, the value of the interest tax shield is proportional to the project's levered value. 3. A target leverage ratio means that the fimm adjusts its debt proportionally to the project's market value. 4. Debentures usually contain clauses restricting the company from issuing new debt with equal priority to existing debt. A) Statement 1. B) Statement 2 c) Statements 1 and 3. D) Statements 1 and 2. 2) Which of the following is an IPO puzzle? A) On average, IPOs appear to be overvalued. B) New public companies perform worse than the market over the long run. C) The fee percentage charged by underwriters is sensitive to issue size. D) Economic conditions fully explain the time-series fluctuations in the number of IPOS. 3) Which of the following statements is FALSE? 1. In the flow-to-equity valuation method, the project's free cash flows are discounted using the equity cost of capital. 2. When a firm has permanent debt, the cost of debt is not required to calculate the present value of the interest tax shield. 3. Eurodollar bonds are issued by foreign (non-U.S.) companies in the U.S. bond market. 4. Private companies usually issue preferred stock when they sell equity for the first time to outside investors. A) Statement 3. B) Statement 2 and 3. C) Statements 1 and 3 D) Statements 2 and 4