1. Pick the incorrect statement below in the context of real estate discounted cash flow (DCF) investment analysis
   1. If the investment value is less than the market value, reject the investment, it is a bad buy
   2. If the expected rate of return is less than the required rate of return, reject the investment
   3. If the NPV is equal to zero, the expected rate of return is equal to the required rate of return
   4. If the NPV is equal to zero, the expected rate of return is equal to zero
   5. None of the above