The following table presents information on a potential project currently being evaluated by XYZ$.$ Which assertion about statement $1$ and statement $2$ is true?

Statement $1$: XYZ would accept the project based on the project's net present value and the NPV rule.

Statement $2$: XYZ would accept the project based on the project's payback period and the payback rule if the payback threshold is $2\mathrm{.}77$ years

Statement $1$ is false and statement $2$ is false

Statement $1$ is true and statement $2$ is false

Statement $1$ is true and statement $2$ is true

Statement $1$ is false and statement $2$ is true