Which of the following statements is true?

I.

The required rate of return is the maximum rate of return that an investmentproject must yield to the acceptable.

II$.$

The cost of capital is the average rate of return that the company earns on itsinvestments.

III.

The net present value method assumes that cash flows from a project areimmediately reinvested at a rate of return equal to the internal rate of return.

None of the statements are true.

Only statement III is true.

All of the statements are true.

Only statement Ione is true.