Which assertion about statement 1 and statement 2 is true?

Project A would cost 19,992 dollars today and have the following other expected cash flows: 3,154 dollars in 1 year, 6,931 dollars in 2 years, and 17,440 dollars in 4 years. The cost of capital for project A is 9.13 percent. Project B would cost 99,000 dollars today and have the following other expected cash flows: 29,700 dollars in 1 year, 28,800 dollars in 2 years, 139,655 in 3 years, and 7,757 dollars in 4 years. The cost of capital for project B is 14.09 percent.

Statement 1: Project A would be accepted based on the projects net present value (NPV) and the NPV rule

Statement 2: Project B would be accepted based on the projects payback period and the payback rule if the payback threshold is 2.34 years

		Statement 1 is true and statement 2 is true
		Statement 1 is false and statement 2 is false
		Statement 1 is true and statement 2 is false
		Statement 1 is false and statement 2 is true