tate whether each of the following statements is True or False:

Statement 1: All else being equal, the higher the cost of capital, the higher the net present value.

Statement 2: If Anton invested in a project that has a net present value of $1,000,000 at 12% cost of capital, the internal rate of return must be lower than 12%.

Statement 3: The present value of a contract that pays $100 each month forever is infinite