The Gomez Corporation is considering two projects, T and V. The following information has been gathered on these projects: Initial investment needed Present value of future cash inflows Project T $112,500 $168,000 Project V $ 75,000 $107,000 Useful life 10 years 10 years Based on this information, which of the following statements is(are) true? I. Project T has the highest ranking according to the project profitability index criterion. II. Project V has the highest ranking acco to the net present value criterion. Both I and II Only II Only 1 Neither I nor Il