Discount Tables What is the validity of the following statements for a conventional investment project (ie, a project with a single initial cash outflow followed by a series of cash inflow (1) The Accounting Rate of Return (ARR) method of project appraisal usually gives too much weight to profits that occur late in the project's e (2) For a project with a unique Internal Rate of Return (IRR) greater than the cost of capital, the IRR method of project appraisal usually gives too much weight to cash flows which occur late in the project's life Statement (1) OA. True OB. False Statement (2) OC. True OD. False