1. The internal rate of return is computed by finding the discount rate that equates the present value of a project's cash outflows with the present value of its cash inflows. 2. The internal rate of return method assumes that the cash flows generated by the project are immediately reinvested elsewhere at a rate of refum that equals the company's cost of copital. Multiple Choice Only statement 1 is true. Both statements are true Ony statement 2 is true. Neither stotement is true