hjw tech is evaluating a project, which would cost $97000 today and have the following other cash flows: $43000 in 1 year, $31000 in 2 years, $41000 in 3 years, and $4000 in 4 years. the cost of capital dor the project is 10.95 percent. which of the assertions about statement 1 and statement 2 is true?

1: HJW tech would accept the project based kn the projects internal rate of return and the IRR rule

2: HJW texh would accept the project based on the projects payback period and the payback rule if the payback threshold is 2.6 years

A. statement 1 is true and statment 2 is true

B. statement 1 is true and statment 2 is false

C. statement 1 is false and statment 2 is true

D. statement 1 is false and statment 2 is false