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is true? The following table presents information on a potential project currently being evaluated by XYZ. Which of the assertions about statement and statement 2

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is true? The following table presents information on a potential project currently being evaluated by XYZ. Which of the assertions about statement and statement 2 Expected cash flows (number of years from today) Cost of capital -$98.000 $56,000 $25,000 $27.000 $3,000 7.50% 1 2 3 4 Statement 1: XYZ would accept the project based on the project's internal rate of retum (IRR) and the IRR rule Statement 2: XYZ would accept the project based on the project's payback period and the payback rule if the payback threshold is 2.50 years a. Statement 1 is false and statement 2 is false O b. Statement 1 is false and statement 2 is true c. Statement 1 is true and statement 2 is false d. Statement 1 is true and statement 2 is true

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