State whether each of the following statements is True or False: Statement 1: To calculate the internal rate of return, we need to know the cost of capital Statement 2: If Anton invested in a project that has a net present value of $1,000,000 at 22% cost of capital, the internal rate of return must be lower than 22%. Assume that the project has conventional cash flow pattern (negative cash flow at t = 0, followed by a series of positive cash flows). Statement 3: Assuming 0% interest rate, the present value of an ordinary annuity that pays $1000 per year for 8 years is $8,000