The following table presents information on a potential project currently being evaluated by XYZ. Which of the assertions about statement 1 and statement 2 is true? Expected cash flows (number of years from today) JO 4 Cost of capital -$98,000 $65,000 $25,000 $26,000 $3,000 12.90% Statement 1: XYZ would accept the project based on the project's internal rate of return (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 2.20 years a. Statement 1 is true and statement 2 is true b. Statement 1 is true and statement 2 is false c. Statement 1 is false and statement 2 is true d. Statement 1 is false and statement 2 is false