Nezir \& Company is evaluating the following investment projects: When using the payback period management only accepts projects that payback within 30% or less of its useful life. Consider these statements: 1. If Nezir is using the NPV method, all of the projects are acceptable. 2. If Nezir is using the Payback Period method, and Nezir can only choose 1 project, Nezir will select Project B. 3. If Nezir is using the profitability index in conjunction with NPV (as it should) and Nezir only can choose 1 project, Nezir will select Project D. All of the Statements are false Only Statement \#1 is true Both Statement #1 and #3 are true 3. If Nezir is using the profitability index in conjunction with NPV (as it should) and Nezir only can choose 1 project, Nezir will select Project D. All of the Statements are false Only Statement \#1 is true Both Statement \#1 and \#3 are true All of the Statements are true Only Statement \#3 is true Both Statement \#1 and \#2 are true Both Statement #2 and #3 are true Only Statement \#2 is true