Angiotensin converting enzyme -Cardiology MCQ

Angiotensin converting enzyme (ACE) is secreted from the lungs, kidneys and vascular endothelium. Wrong statement about ACE is:
1. ACE levels are useful in the diagnosis of sarcoidosis
2. ACE inhibitors are important antihypertensive agents
3. ACE converts angiotensinogen to angiotensin I
4. ACE degrades bradykinin, a potent vasodilator