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

Expected cash flows (number of years from today) -$80,000.00 ,$37,000.00 ,$20,000.00 ,$31,000.00 ,$4,000.00 , cost of capital 11.52%

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 2.31 years