In making single-asset real estate investment decisions, a few common ways to determine the value of the real estate would be to use the EGIM, Direct. Capitalization approach or the Net income Multiplier approach. What is often cited as a limitation associated with these types of approuches? a. They are difficult to calculate. b. They are complex to understand. c. They fall to incorporate cash flows beyond the first year of the analysis. d. They are rarely used by industry professionals. QUESTION.10 In an NPV calculation, if the net present value of the future cash flows from an investment are less than the invested capital, it is an investment the firm should not make. True False QUESTION 11 NPV and IRR have the same investment decision criteria. True False: QUESTION 12 in order to calculate the Sale Price one applies the going-out cap rate to the Nol of the last year of operation. True False