Assume a pre-promote structure where all money is treated equal, the developer puts in 10% equity, the fund 90%, and the promote is 20% to the developer and 80% to "the money" over a 15% preferred rate. The pref-promote compensation structure is advantageous to a developer because: (Circle all that apply.) A. The developer gets greater compensation in relation to the equity he or she has put in if the deal generates higher than a 15% IRR B. The developer will get access to a private equity fund, which will build the reputation of the developer C. The developer will be able to hedge their risk in the deal D. The developer will be able to get a better credit rating by Moody's E. None of the above