The given statement is TRUE because when we are analysing the project with present value method or future value method, then we will be getting the same result because if we are compounding the rate of return of a project in the future or we are discounting the rate of return of the project at the present and rate of return are similar in nature then we will be getting the same result, when we are applying the future value or present value method as these values are dependent upon each other.

Whereas equivalent annual annuity method or annual worth (AW)method is a method which is related to calculate value of various projects who are having unequal life and they are discounted at the present value by application of an annuity factor and when we are applying the annuity factor, then there would be a difference in selection of project because they will be made equivalent according to their life cycle and then we will be having a different project for acceptance and hence this given statement is TRUE because when we are selecting the projects based upon present value and future value method, They will be having the similar result whereas Annual worth method will be having different result from present value and future value method.