An investor relies on debt to finance the ifvestment of a commercial real estate project. Given different choices of the feverage, the investor calculates the equity dividend rates assuming a 3 rent growth rate and the internal rate of returns in three scenarios of the annual rent growth within the expected holding period of the investment. Which of the following statement is FAL SE the single year or multlyear return measures? If we know with certainty that rent growhis 18, no borrowine is the optimal choice The mean inR is increasing in LTY, because the cost of debt firance is larger than the cost of equity finance EDR is increaning in ITV, because the cont of external fund is smaller than the cost of internal fund IRR under-18, rent growth is decreasing in LTV, because the cost of debt finance is larger than the cost of equity finance An investor relies on debt to finance the ifvestment of a commercial real estate project. Given different choices of the feverage, the investor calculates the equity dividend rates assuming a 3 rent growth rate and the internal rate of returns in three scenarios of the annual rent growth within the expected holding period of the investment. Which of the following statement is FAL SE the single year or multlyear return measures? If we know with certainty that rent growhis 18, no borrowine is the optimal choice The mean inR is increasing in LTY, because the cost of debt firance is larger than the cost of equity finance EDR is increaning in ITV, because the cont of external fund is smaller than the cost of internal fund IRR under-18, rent growth is decreasing in LTV, because the cost of debt finance is larger than the cost of equity finance