Which of the following statements is true? 1. Neither the net present value method nor the internal rate of return method can be used as a screening tool in capital budgetirig docisions. 2. If the intemal rate of return is less than the required rate of return for a project, then the net present value of that project is positive. 3. An investment project with a profitability index of 0.04 has an internal rate of return that is less than the discount rate. Multiple Choice Only statement 3 is true. All of the statements are true. None of the statements are true. Only statement 1 is true