Which of the following statements is true":I "he required rate of return is the maximum rate of return that an investment project must yield to the acceptable. "he cost of capital is the average rate of return that the company earns on its investments. "he net present value method assumes that cash flows from a project are immediately reinvested at a rate of return equal to the internal rate of return. Which of the following statements is true'EI l. _he present value of a cash ow will never be greater than the future dollar amount of the cash flow. II. "he higher the discount rate, the higher the present value of a given future cash ow. \"I. "he present value of a cash flow increases as it moves further into the future. 9