Each question is worth 0.5 points.1) The internal rate of return (IRR) is an investment decision tool that is widely used in real estate. An investor would most likely pursue an investment if which of the following circumstances was true? A. The IRR is less than the investor's required rate of return.B. The IRR exceeds the investor's required rate of return.C. The IRR exceeds the cap rate for the building.D. The IRR is equal or bigger than zero.2) In determining a property's before-tax cash flow from operations (BTCF) and net operating income (NOI), it is important to understand how each accounts for the use of financial leverage in its calculation. Which of the following statements is not true in regards to how these two measures account for the use of financial leverage?