please help as fast as you can

LadyBug Designs. is evaluating two possible investments projects. The company uses the straight-line method of depreciation. The following information is available: Evaluate the following statements: 1. The payback period of Project A is 5 years 2. If Ladybug only accepts projects that payback within in the first 60% of useful life, only Project B will be accepted. Only Statement \#1 is true Only Statement \#2 is true Both statements are false Both statements are true