Which of the following statements is true?

In preference decisions, the profitability index and internal tate of return methods will rank projects in the same order of preference.

In calculating the "investment required" for the proffability index, the amount irvested should not be reduced by any salvage recovered from the sale of old equipment.

When computing the proftablity index of an irvestment project, the investment required should exclude any investment made in working enptal at the beginning of the profect.

Muhiple Choice

Only matement $1$ is true.

Only Matement $3$ is wive.

Al of the stanements are true.