7) The internal rate of return (IRR) and the net present value (NPV) are tools that are widely used in real estate investment and finance decision-making. An investor would most likely pursue an investment if which of the following circumstances was true? a. The IRR is less than the investors' required rate of return. b. The NPV is negative. c. The IRR exceeds the investors' required rate of return. d. The NPV is bigger than the WACC. e. The IRR exceeds the NPV.