A property that produces a level of NOI of $400,000 per year is expected to be sold in year 5 for $2,000,000. If the property was purchased for $2,000,000, what percent of the IRR can be attributed to the operating income only? Does this imply that the property is more or less risky? Why? Provide a short answer.'

A. 37.9%, more risky

B. 37.9%, less risky

C. 59.8%, more risky

D. 59.8%, less risky