Which of the following statements is generally true?

Firm can choose among many different projects to invest in such as the launch of a new product line. This decision process and the valuation of these projects is what we refer to as Capital Budgeting.

Project managers are typically involved with the long$-$term financing and capital structure decisions of a corporation.

The effects of corporate decisions on net working capital, only matter for accounting, not for capital budgeting in finance.

Group of answer choices

All three are false

Only $1$ is true

Only $1$ and $3$ are true

Only $1$ and $2$ are true

All three are true