Select the correct option based on the following two statements related to a Rankine cycle.

Statement (I): Decreasing the condenser pressure will increase the thermal efficiency of the cycle.

Statement (II): Decreasing the condenser pressure will increase the area enclosed by the cycle on a T - S diagram which indicates that the net-work will increase.

1
Both Statement (I) and Statement (II) are correct.
2
Both Statement (I) and Statement (II) are incorrect.
3

Statement (I) is true but Statement (II) false

4
Statement (I) is false but Statement (II) is true 

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