help what statements are true?

Present Value of an $1 n/ 52 Minute 8% 7% 0.713 9% 10% 5 0.681 0.650 0.621 6 0.666 0.630 0.596 0.564 7 0.623 0.583 0.547 0.513 8 0.582 0.540 0.502 0.467 9 0.544 0.500 0.460 0.424 10 0.508 0.463 0.422 0.386 Present Value of an Ordinary Annuity n/ 7% 8% 9% 10% 5 4.100 3.993 3.890 3.790 6 4.767 4.623 4.486 4.355 7 5.389 5.206 5.033 4,868 8 5.971 5.747 5.535 5.335 9 6.515 6.247 5.995 5.759 10 7.024 6.710 6,418 6.145 Double Boe has the opportunity to invest in project that has a 6 year useful life and cost $120,000 and will produce annual net income of $6,750. Double Boe uses the straight line of depreciation Evaluate the following statements: 1. If Double Boe uses the Internal rate of return to evaluate projects and their minimum rate of return is 7%, it will determine that the IRR of this project is 9% and they will accept this project. 2.1 Double Boe uses the payback method to evaluate projects and only accepts projects that payback within the first 50% of their useful lives, they will reject this project, 3. If Double Boe uses the accounting rate of return to evaluate projects and their minimum rate of retum is 10% they will accept this project