1.The present value of the benefits of a project are calculated to be $1596 using an interest rate of 5%.Which of the following statements are true?

I.The quantity of investment demanded by the firm at an 5% interest rate must be at least $1596.

II.If the project costs $1550 today, the rate of return of the project is more than 5%.

III.If the interest rate was 7%, and the project costs $1596 today, the firm would not do the project.