XYZ is evaluating a project that would require an initial investment of $74,300.00 today. The project is expected to produce annual cash flows of $8,700.00 each year forever with the first annual cash flow expected in 1 year. The NPV of the project is $7,900,00. What is the IRR of the project? 10.58% (plus or minus 0.02 percentage points) 10.63% (plus or minus 0.02 percentage points) 13.10% (plus or minus 0.02 percentage points) 11.71% (plus or minus 0.02 percentage points) None of the above is within 0.02 percentage points of the correct answer QUESTION 2 The following table presents information on a potential project currently being evaluated by xZ. Which assertion about statement 1 and statement 2 is true? Statement 1: XYZ would accept the project based on the project's net present value and the NPV rule. Statement 2: XYZ would accept the project based on the project's payback period and the payback rule if the payback threshold is 3.73 years Statement 1 is true and statement 2 is false Statement 1 is faise and statement 2 is true Statement 1 is true and statement 2 is true Statement 1 is false and statement 2 is false